Exall ends Stock contract

Junior Exall Resources (EXL-T) has cancelled its custom-milling contract with St Andrew Goldfields (SAS-T) in favour of the Macassa mill of Kinross Gold (K-T).

Exall operates and owns a majority interest in the Glimmer mine, near Matheson, Ont., with Glimmer Resources (GME-V) holding the minority interest.

Since early 1997, Exall has trucked mined ore to St Andrew’s nearby Stock mill, but now, the company says, economic and other considerations make it more beneficial to send the material to Kirkland Lake.

For its part, St Andrew is replacing the lost tonnage with its own ore and new custom-milling contracts. The company says it is considering its options with respect to Exall.