Gold production at Whale Tail, near Baker Lake, set to start in fall of 2019
Agnico Eagle Mines can start construction at its Whale Tail gold deposit, following the federal government’s approval of its water licence on July 11. The green light comes following approval by the Nunavut Water Board.
Whale Tail is an open-pit gold deposit that’s part of the company’s Amaruq project. That’s a satellite deposit found 50 kilometres northwest of Agnico Eagle’s Meadowbank mine, near the Kivalliq community of Baker Lake.
With a water licence now in hand, the company says it remains on schedule to begin production at Whale Tail next fall in 2019.
“We would like to thank the various regulatory agencies, both federal and territorial, the Inuit organizations, the local communities and our employees for their diligent participation in the permitting process,” Sean Boyd, Agnico Eagle’s CEO, said in a news release.
In June at Whale Tail, workers finished building an underground ramp that extends almost 500 metres and cost around $10.7 million. Agnico Eagle plans to build about 1.2 kilometres of underground ramping for exploration in 2018. Those ramps will cost around $21 million.
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