Red Chris production will be released when the reconciled information is received from Newmont Corporation (“Newmont”).
During the fourth quarter 1,567,491 tonnes of ore were treated (up 44.6% compared to Q4 2022), this increase is partially due to improved plant availability of 88.3% (up 22% from Q4 2022). During the quarter 8.348 million pounds copper (up 120.5% from Q4 2022) and 10,349 ounces gold (up 48.0% from Q4 2022) were produced.
With the damaged third ball mill returned to service in October, the November mill throughput averaged 19,609 tonnes per day, and from
Approximately 2/3 of the tailings stored in the
Mount Polley Mine Production | Three Months Ended | Year Ended | |||||||||
2023 | 2022 | 2023 | 2022* | ||||||||
Ore milled - tonnes | 1,567,491 | 1,084,016 | 5,948,239 | 2,068,830 | |||||||
Ore milled per calendar day - tonnes | 17,038 | 11,783 | 16,297 | 11,244 | |||||||
Grade % - copper | 0.302 | 0.230 | 0.287 | 0.214 | |||||||
Grade g/t - gold | 0.286 | 0.325 | 0.311 | 0.306 | |||||||
Recovery % - copper | 79.9 | 68.9 | 80.0 | 63.5 | |||||||
Recovery % - gold | 71.8 | 61.8 | 70.4 | 59.4 | |||||||
Copper – 000’s pounds | 8,348 | 3,786 | 30,145 | 6,206 | |||||||
Gold – ounces | 10,349 | 6,995 | 41,834 | 12,078 |
*production from restart of operations in late June to
The 2024 production target for
Red Chris Update
Newmont completed the acquisition of Newcrest Mining Limited during the fourth quarter of 2023 and holds 70% interest in the Red Chris mine. Newmont noted, in a presentation, that considerations for 2024 include “Taking time to assess and integrate the
During the quarter, diamond drill rigs continued to explore at Red Chris. Diamond drilling was focused in the
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