Centerra Gold, Kemess Underground Mine in BC

January 30, 2019

Centerra Gold became the 100% owner of the Kemess project in B.C. with its acquisition of AuRico Metals in January 2018. The deal included the former open pit mine and a 25,000 t/d conventional mill, road, power, tailings facility, rail load-out, camp and airstrip together valued at about $1 billion.

 

AuRico produced a feasibility study in 2016 for an underground mine 6 km away from the processing plant, and this undoubtedly played a large part in Centerra’s offer. The study examined the development of a low cost panel caving mine.

 

The study projected a life-of-mine annual production rate of 106,000 oz. of gold and 27 million lb. of copper.

Normal course permitting is soon to be complete, and development of the decline is slated to begin next year. First production is targeted for 2022. Pre-commercial capex is pegged at $450 million plus an additional $153 million in capitalized operating costs net of revenue.

 

* For more information on this facility, contacts and/or project requirements or to subscribe – contact: sales@menex.biz  or visit our website at www.menex.biz

Please reload

Our Recent Posts

Did you know that Husky has approximately $14 billion worth of projects in various stages of development going on right now?!?

At the old Calumet / Sup...

Husky Energy

September 6, 2019

Six major solar fields have been announced this month for areas on southeast Alberta, a signal, say observers, about the decreasing cost of solar pane...

MORE SOLAR IN SOUTHERN ALBERTA

March 7, 2019

Fortress Xylitol Inc., the xylitol R&D arm of Fortress Global Enterprises, is receiving $10 million in funding from Natural Resources Canada to help b...

Fortress Xylitol receives $10M from feds for demo plant

February 13, 2019

1/1
Please reload

Tags

Please reload

©2021 by Menex Industrial Data Inc.