PRECIOUS METALS

Moose River goes commercial

Atlantic Gold mine hit commercial production March 1

Staff reporter

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The milestone was met March 1, despite normal processing facility bottlenecks as well as a three-day power outage in January that idled production for five days.

The complex also had a historical weather event with rain that resulted in challenges to MRC’s materials handling. Officials said it is continuing to work with its contractor for repairs and adjustments to the crushing circuit.

Atlantic has maintained its full-year production guidance, but did note first-quarter production should be at or below pro-rata of the annualised production rate.

Moose River is comprised of the Touquoy and Beaver Dam projects. Proven and probable reserves total 16.45 million tonnes and 1.44 million tonnes, respectively.                       

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