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Ontario’s Madsen mine could be in production by May next year

By:  
Creamer Media Senior Researcher and Deputy Editor Online
 
GOLD
The past-producing Madsen gold mine could be back in production by as early as May next year, current owner Pure Gold Mining reported on Monday, announcing the outcomes of a feasibility study for the project in Ontario’s Red Lake mining district. The study contemplates an 800 t/d underground mining operation, which will produce 970 000 oz over its 12-year mine life. At peak production, the mine will produce 125 000 oz/y at a life-of-mine all-in sustaining cost of $787/oz.
 
 
 
 
 

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