Phase 1
Phase 1 operations include the mining of two open-pit gold deposits, Touquoy and Beaver Dam. The Companys planned future development of the region will be based on a central processing facility concept at Touquoy with staged integration of satellite deposits into the production schedule and staged capital expenditures for expansion opportunities managed with cash flow from operations at Touquoy and additional debt capacity as a long-term low-cost gold producer.
Phase 1 Life of Mine production guidance for 2019 is between 92,000-98,000 oz. gold at All-In-Sustaining-Costs (AISC) between $CAD695/oz.-$755/oz. (US$521-566/oz.) as stated in the Companys news release (January 16, 2019).
Phase 2 Expansion
The Phase 2 Life of Mine Expansion will have gold production ramping up to + 200,000 ounces per annum while maintaining the companys industry lowest decile cash costs at all-in sustaining cash cost (AISC) of CAD$692/oz. Au (USD$555/oz. Au) as stated in the Companys news release (January 29, 2018). Please see technical report entitled (Moose River Consolidated Project, Nova Scotia Canada, NI 43-101 Technical Report on Moose River Consolidated Phase 1 and Phase 2 Expansion here). Updated Reserves & Life of Mine production schedule based on March 25, 2019 news release.
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