Positive PEA a first step for Richmont in multi-phased Island mine expansion

May 30, 2017

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Boutique gold producer Richmont Mines has published a positive preliminary economic assessment examining an expansion case for the flagship Island gold mine, in Ontario, that will push output 22% higher at low cash cost and a robust cash flow stream.
The Toronto-based miner said Monday the study outlined an increase in mine and mill productivity to 1 100 t/d, at a capital cost of C$28.2-million.

Category: General