QUEBEC – Metanor Resources of Val d’Or, QC, is planning to reopen the Barry open pit gold mine in the Urban-Barry greenstone belt.
Ghislain Morin, president and CEO of Metanor said, “We feel that the metrics are optimal for a restart of operations at the Barry pit. Our surface infrastructure is still operational, and the mining permit is still active. Combining this with the current low fuel prices and a gold value of $1,700 per ounce in Canadian dollars, we see restarting as an attractive option for the company at this time.”
Start-up costs are believed to be low and the necessary personnel are available. Ore from the Barry pit will be processed at Metanor’s Bachelor Lake mill 65 km away.
Please see Metanor.ca.