The shaft will profit the Macassa challenge in quite a few methods. It can play a component in de-risking the operation, enhancing air flow and dealing situations, and help larger manufacturing and decrease unit prices. Importantly, the shaft will enable environment friendly underground exploration to the east of the South mine complicated, the place beforehand deep drilling was accomplished from the floor.
The four-compartment shaft is concrete-lined and has a diameter of 6.6 metres. It has a hoisting capability is 4,000 t/d (ore and waste). The 66-metre headframe was erected in simply 11 days. The double deck cage will accommodate 63 folks per deck; and there’s a double-deck auxiliary cage with capability of seven folks per deck. Loading pockets have been developed within the 5360, 6100 and 6300 ranges.
Manufacturing at Macassa throughout 2021 totalled 210,192 oz. gold, a rise of 15% over the earlier yr. The brand new shaft is anticipated to assist improve that to 400,000 oz. yearly. The mill handled 333,386 tonnes at a median head grade of 20 g/t and common recoveries of 98.1% gold.
Kirkland Lake and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) introduced their merger of equals final September. Shareholders of each corporations have accepted the transfer, and it has been introduced that Kirkland Lake president and CEO will take up these obligations as CEO the brand new Agnico Eagle. Agnico president will retain his function, and present Agnico vice-chairman and CEO Sean Boyd will develop into chairman.
Upon closing, the brand new firm is anticipated to have $2.3 billion of obtainable liquidity, a mineral reserve base of 48 million ouncesgold (969 million tonnes at 1.53 g/t). There will even be an intensive pipeline of growth and exploration tasks.
Closing is to happen on or earlier than Mar. 31, topic to customary situations.
Kirkland Lake posted report manufacturing in 2021 forward of the merger.