As the Eleonore gold mine ramps up towards full production in 2018, its owner Goldcorp
(TSX: G; NYSE: GG) appears well on its way to solve problems that popped up in its first year of commercial production.
The underground mine in the James Bay region of Quebec achieved commercial production in April 2015. However, after unexpected dilution at the mine and recovery issues in the mill, production fell shy of expectations. Last year, Eleonore churned out 249,800 oz. gold — about 40,000 oz. short of its production target of 290,000 to 330,000 ounces.
For 2016, the mine has a more modest production forecast of 250,000 to 280,000 oz. gold.
One of the main issues at Eleonore last year was higher-than-expected dilution that reduced head grades after finding unexpected folding and faulting in the mine’s initial production stopes.
In response, the company has reworked the stope designs …
Read the entire story at The Northern Miner.