A gold mine near Snow Lake is expected to soon become one of the lowest cost gold mines in the country.
Hudbay president Alan Hair spoke to Arctic Radio News and said that he expects an increase in gold production at the company’s Lalor Mine.
He said that as a result of their updated mine plan, gold production is expected to more than double once the New Britannia mill is refurbished.
Hair went on to say that the updated resource model at Lalor includes almost six million tonnes of inferred mineral resources, which has the potential to extend the life of the mine beyond ten years.
The move also provides a significant additional upside for further gold and base metal exploration.