The Island gold mine near Dubreuilville, Ont., has moved into commercial production after producing 7,200 oz. gold from development ore in the third quarter of 2007.
Operator Richmont Mines (RIC-T, RIC-X), which holds 55% of the project, and Patricia Mining (PAT-V), which holds the rest, declared commercial production at the beginning of October, and expect to meet the mine’s design capacity — 675 tonnes of ore per day — in early 2008.
To the end of September, Island had produced 23,000 oz. gold out of development ore and some material from production stopes. The mine has a reserve of 1 million tonnes grading 8.6 grams gold per tonne.
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