Osiko Mining

Osisko Mining has poured the first gold bar at its flagship Canadian Malartic mine, located in the heart of Quebec's Abitibi gold belt, immediately south of the town of Malartic and approximately 20 km west of Val d'Or. The open-pit operation will produce 600,000 oz/y of gold over a 12.2-year mine life (milling rate of 55,000 mt/d), at estimated operating costs of $319/oz. As of March 31, 2011, proven and probable reserves at Canadian Malartic totaled 10.71 million oz at a fully diluted average grade of 0.97 g/mt.
As featured in Womp 2011 Vol 04 - www.womp-int.com