Richmont Mines receives permit amendments for Ontario’s Island Gold Mine

20 December 2016 (Last Updated December 20th, 2016 18:30)

Richmont Mines has received amendments for its air and wastewater environmental compliance approvals (ECAs) for Island Gold Mine from Ontario’s Ministry of Environment and Climate Change in Canada.

Richmont Mines receives permit amendments for Ontario’s Island Gold Mine

Richmont Mines has received amendments for its air and wastewater environmental compliance approvals (ECAs) for Island Gold Mine from Ontario’s Ministry of Environment and Climate Change in Canada.

Awarded amendments endorse potential ore mining from the project and support increasing the average daily processing rate to 1,100t as noted in the preliminary economic assessment.

Richmont Mines CEO Renaud Adams said: “The receipt of these permits is a key milestone for Island Gold as it will allow mining and milling productivity to progressively increase to an average of 1,100t per day, as envisaged in the upcoming PEA.

"The engineering and analysis related to the productivity increase continues to advance, which is now fully supported by the receipt of all required permits.

“The mine and mill are now averaging above 900t per day and the operation is well-positioned to support a productivity increase to an average of 1,100t per day with minimal capital investment.”

"The operation is well-positioned to support a productivity increase to an average of 1,100t per day with minimal capital investment."

The amended ECAs enable processing of up to 401,500t of ore per annum (at 1,100tpd), with flexibility for up to a maximum of 38,480t a month.

The operation was previously permitted for up to 27,000t a month, or an average of 900tpd.

Currently, Richmont Mines operates two mines, which are Island Gold Mine in Ontario and the Beaufor Mine in Quebec.

With more than 35 years’ experience in gold exploration and production, the company is now developing high-grade resource extension at depth in the Island Gold Mine.


Image: Aerial view of Island Gold Mine. Photo: courtesy of Richmont Mines.