200 gold bars have now been poured at Moose River mine in eastern Nova Scotia – by Paul Palmeter (CBC News Nova Scotia – March 21, 2019)


Atlantic Gold mine employs hundreds; environmentalist concerned about January tailings leak

Close to $150 million in startup costs are now behind Atlantic Gold Corp. at its Moose River gold mine, a project now in full swing and which has brought hundreds of jobs to a remote part of Nova Scotia.

During the first 18 months of production at the open-pit mine roughly 40 kilometres inland from Sheet Harbour, N.S., about 200 gold bars, some worth nearly $1 million each, have been poured.

“In our first year of production we were actually able to surpass our 90,000-ounce goal and produce 90,500 ounces,” said Craig Hudson, chief metallurgist with Atlantic Gold. “We’re now looking at higher targets and an increase in our production.”

Atlantic Gold is still early into its six-year plan at the Touquoy site in Moose River. The company has three more sites nearby — Beaver Dam, Cochrane Hill and 15 Mile Stream — that will come into production in 2021-2022, pending environmental approval.

That means gold mining in the area could continue into the late 2020s. Atlantic Gold is also actively exploring additional deposits in Nova Scotia. The Moose River mine has become a large employer, with 280 full-time workers at the site and an additional 40 to 70 contractors. Many are Nova Scotians who have returned to their home province after working abroad or elsewhere in Canada

For the rest of this article: https://www.cbc.ca/news/canada/nova-scotia/moose-river-gold-mine-atlantic-gold-exceed-production-1.5063912

Comments are closed.