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Since achieving its first commercial production in April of 1997, Musselwhite mine has produced over three million ounces of gold. A focus for Musselwhite is on maintaining consistent, low-cost production with upside potential over the long-term.
On July 27, 2016 the board approved the Materials Handling Project at Musselwhite. Currently, mining is at a depth below 1,000 metres under Lake Opapimiskan and the truck haulage distance is 7.5 km to the 400 mL underground crusher. The project will enable hoisting of ore through an underground winze and associated infrastructure which will result in reduced reliance on high-cost truck haulage by significantly reducing uphill truck haulage between the winze and underground crushers leading to improved energy efficiency, reduced ventilation requirements, reduced mining costs, enhanced production profile and potential to extend mine life through exploration success .
Following completion of the winze, which is expected in the first quarter of 2019, incremental production of approximately 20% is anticipated and operating costs are expected to be reduced by approximately 10% for the life of the mine.
For Operational and Financial information please access our Interactive Analyst Centre
For Reserves and Resources information, please access the Annual information in our Interactive Analyst Centre
* Due to rounding, numbers may not add up.