Ontario mining project could be worth its weight in gold

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PinkDiamond
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Ontario mining project could be worth its weight in gold

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Looks like there will be an ample supply of gold coming out of Canada for quite a while, and there's a video of the groundbreaking ceremony at the end of the article. 8-)

Ontario mining project could be worth its weight in gold
September 18, 2020

Image
The official groundbreaking of the Côté Gold Project in northern Ontario.
Photo courtesy Justin Trudeau’s press office


"Northern Ontario’s latest mining venture is expected to keep the market flush with Canadian gold.

The Côté Gold Project kicked off with a groundbreaking ceremony Sept. 11, which touted a parliamentary guest list that included Prime Minister Justin Trudeau, Ontario Premier Doug Ford, Chief Chad Boissoneau from Mattagami First Nation, Chief Murray Ray from Flying Post First Nation, and several cabinet ministers and members of parliament.

The project, which is a joint venture of Iamgold Corporation and Sumitomo Metal Mining, is expected to produce up to 460,000 ounces of gold annually at all-in sustaining costs of approximately $700 per ounce in the first six years of production.

Additionally, the site, which has an 18-year mine life, is projected to generate more than 1000 jobs during construction and 450 jobs during operations, along with $5 billion in wages and more than ... '

https://www.jewellerybusiness.com/news/ ... ntent=news
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