Mining Weekly reported that Thompson Creek Metals closed financing worth $350-million, much of which is earmarked to support expansion at the Mt Milligan copper/gold mine.
As quoted in the market report:
The Mount Milligan project is expected to be complete by the third quarter of 2013, with production scheduled to start in the last quarter of that year. The copper/gold project’s costs spiralled about 50% from the initial cost estimate of C$915-million.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|