ONTARO - Detour Gold Corp., headquartered in Toronto, has received the okay to being construction of its new gold mine at Detour Lake. The province signed off on the company's environmental assessment and the closure plan. Agreements with local aboriginal groups are to be ratified by year-end.
Gerald Panneton, president and CEO commented, "We have crossed a significant milestone in the development of the Detour gold project with the approval of these provincial EAs and closure plan. We are now in a position to commence construction of the mine, which is an important project for the economy of northern Ontario, providing significant employment for the local and surrounding communities."
Detour Gold is planning a phased, truck-and-shovel open pit mine producing approximately 20 million tonnes of ore annually for 16 years. The grinding plant will have a capacity of 55,000 t/d feeding a SABC circuit. Free gold will be recovered in a gravity circuit, and the gravity tails will be leached and passed through a carbon-in-pulp circuit. Gold in the CIP circuit will be stripped, pass through an electrowinning circuit, followed by smelting. Plant commissioning is to begin in Q4 2012. Employment is expected to reach a peak of 372 mining personnel in Year 8. Pre-production capital costs are expected to be $1.1 billion, and total cash costs will be approximately US$545/oz of gold produced.
The original Detour Lake mine was developed by Placer Dome as an underground producer in 1983. Economic resources were depleted in 1999, and the mine was closed.