QUEBEC — North American Palladium (NAP) of Toronto has poured the first gold at its reopened Sleeping Giant mine north of Amos. The company said that commercial production at an annual rate of 50,000 oz should be reached by the end of this year.
The Sleeping Giant mine has produced more than 1.0 million oz of gold since it first opened in 1988. It closed in 1991, but was reopened between 1993 and 2008. It is a typical narrow vein gold mine supporting a combination of room and pillar, shrinkage and longhole stoping. This is the first gold mine for NAP, which also owns the suspended Lac des Iles palladium mine in northern Ontario.
The budget for reopening the Sleeping Giant gold mine was only $7.5 million. More information is available at www.NAPalladium.com.