2019.....
Toronto-based Anaconda Mining is considering the idea of expanding the pit at the Pine Cove gold mine, part of its Point Rousse project near Baie Verte. Expansion at this mine would delay development of the Argyle gold deposit into 2020.
The company cites the successful infill and expansion drilling it did recently as the reason for this consideration.
The Pine Cove geology is well understood and the mine is adjacent to the processing plant.
Expansion would require a low capital investment. Moreover, additional mining at Pine Cove would increase the permitted in-pit tailings storage capacity.