The Porcupine operation is located in Timmins, Ontario, one of the world's great gold producing camps. In 2015, Porcupine marked its 105th year of continuous mine and mill operations and has produced more than 67 million ounces of gold since production began. In 2014 gold production totaled 300,000 ounces. Production during 2015 is expected to be between 300,000 and 320,000 ounces.
Porcupine consists of the Hoyle Pond and Dome underground mines, the Hollinger open pit mine, several large tonnage stockpiles, and a central milling facility. Progress is steadily advancing on a deep underground shaft (winze) that will provide increased access to zones such as the TVZ and VAZ in the underground Hoyle Pond mine operation and significantly extend the mine’s productive life.
Successful exploration drilling at the Hoyle Pond underground operation has demonstrated improving gold grades and the extension of several gold structures at depth. This success is spurring new investments in mine development to position the revitalized Porcupine mine complex for long-term success.
* Due to rounding, numbers may not add up.