RE:restart of Beaufort and WasamacAccording to their OCT PRESENTATION, Beaufort plans to restart underground operations within 12-18 months.
Wasamac : Seeking financing partnership to advance development and MOU with Glencore, exploring the trade-off opportunity of using the Kidd Concentrator in Timmins. This study is due out by the end of the month is my understanding. This flagship project will be a gamechanger, anticipation 142000 oz/month over the LOM.
Looking forward to next NR on drill results and potential utilization of Glencore's Kidd concentrator.
Asset Resource base: 3.2 Moz M&I and 0.4 Moz Inferred1 (inclusive of reserves) and two permitted mills with combined capacity of ~2,300 tpd. IMO, well positioned to breakout soon.