Osiko Mining
Osisko Mining has poured the first gold
bar at its flagship Canadian Malartic
mine, located in the heart of Quebec's
Abitibi gold belt, immediately south of the
town of Malartic and approximately 20 km
west of Val d'Or. The open-pit operation
will produce 600,000 oz/y of gold over a
12.2-year mine life (milling rate of
55,000 mt/d), at estimated operating
costs of $319/oz. As of March 31, 2011,
proven and probable reserves at Canadian
Malartic totaled 10.71 million oz at a fully
diluted average grade of 0.97 g/mt.
As featured in Womp 2011 Vol 04 - www.womp-int.com