Atlantic Gold Operations
The Atlantic Gold operation is located in Middle Musquodoboit, approximately 60km north east of Halifax, Nova Scotia.
Halifax, the provincial capital, has a population of 400,000+ and is a significant industrial centre. Nova Scotia’s primary industries include fishing, forestry, energy and tourism.
After a feasibility study was completed in 2015, mining of the current open pit at Touquoy commenced in 2017, with commercial production declared in March 2018. The operation was delivered on time and on budget and exceeded production guidance in the first year.
Commissioned in October 2017, the processing plant at Touquoy is a conventional CIL circuit with a nominal capacity of 2.0 million tonnes per year.
Further to the currently operational open pit, there is planned expansion of three additional pits nearby at Beaver Dam, Fifteen Mile Stream and Cochrane Hill, with a combined estimated mine life for the operation of 12 years.
As at 25 March 2019, the Atlantic Gold operation had a combined estimated 1.9 million ounces of gold in reserves at a grade of 1.12 grams per tonne.