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Red Lake is located in one of the world’s most prolific gold districts. The High Grade Zone (HGZ) has been the backbone of the Red Lake operation, with an average grade of more than two ounces of gold per tonne. The HGZ is expected to be depleted by 2020. At Red Lake there are two key growth projects, Cochenour and HG Young that are advancing through the company's investment framework and have the potential to provide new sources of ore over the long-term.
The focus at Red Lake 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. Rationalization of the infrastructure is also underway to reduce costs.
Exploration will continue to focus on the high-grade HG Young and Cochenour deposits.
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.