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Red Lake is located in one of the world’s most prolific gold districts. In 2015, gold production totaled 375,700 ounces. The High Grade Zone is the backbone of the Red Lake operation, with an average grade of more than two ounces of gold per tonne. Recent investments in infrastructure and development have positioned this renowned mine for many more years of long-term sustainable production.
The focus at Red Lake in 2016 is on asset optimization and cost reduction efforts. Continued transition to mechanized mining, bulk mining and material movement automation is expected to result in lower grades and lower mining costs.
Exploration in 2016 will continue to focus on the high-grade HG Young deposit. A key priority is the evaluation of underground development options to better assess the continuity of the mineralization at depth. Exploration will also continue in the HGZ at depth and on further testing of High Grade Zone deep offsets.
* Due to rounding, numbers may not add up.