Rainy River Pours First Gold
New Gold has completed its first gold pour at its Rainy River mine, and the company’s commissioning plans remain on schedule. The first pour yielded approximately 500 ounces (oz) of gold and 600 oz of silver.
“Our team is proud to have delivered on all of the key project milestones since the beginning of 2017, however, the first gold pour is a particularly special one for New Gold and its stakeholders,” said Hannes Portmann, president and CEO, Rainy River. “This achievement is reflective of a true team effort as it would not have been possible without the commitment and resilience of our workforce as well as the strong support of our local communities and Indigenous partners — thank you.”
Sibanye-Stillwater Begins Processing Blitz Ore
Sibanye-Stillwater began processing palladium-platinum ore from its Blitz project adjacent to its underground Stillwater mine in south-central Montana on September 29. Completion of a secondary escape-way system at the Blitz 10 stope block concluded the final infrastructure required for production to begin.
Cliffs Acquires the Remaining Interest in Tilden
Cleveland-Cliffs Inc. has acquired U.S. Steel Corp.’s 15% equity interest in the Tilden Mining Co. for $105 million in cash. Cliffs previously owned an 85% interest in the joint venture and now has 100% ownership of the mine. The transaction closed on September 29.
Feasibility Study Supports eCobalt’s Idaho Project
eCobalt Solutions has reported positive economics from a feasibility study of its Idaho Cobalt Project (ICP), which includes an underground mine and mill near the town of Salmon in east-central Idaho and a hydrometallurgical cobalt refining operation on a railhead in the town of Blackfoot to the southeast. A combined cobalt-copper-gold concentrate would be produced at the mine site and processed at the Blackfoot plant. The vertically integrated project would produce cobalt chemicals for the rechargeable batteries market, as well as byproduct copper concentrate, copper sulphate, magnesium sulphate and gold.
Haile Gold Mine Achieves Commercial Production
OceanaGold Corp. announced that the Haile gold mine commenced commercial production on October 1. “The achievement of commercial production is a major milestone. It was through the hard work and dedication of our workforce and unwavering support from our shareholders, local stakeholders and partners that we are at this pivotal point only less than two years after taking ownership of this world-class asset located in South Carolina,” said Mick Wilkes, OceanaGold president and CEO. “The operation is back on track following the disappointment of the second quarter.”
Taseko Building Test Facility at Florence Copper
Taseko Mines is proceeding with construction of a production test facility (PTF) at its Florence in-situ copper recovery project in south-central Arizona. The go-ahead for the PTF followed final project permitting approval by the Environmental Protection Agency. Estimated remaining costs to construct the PTF stand at $25 million.