Metanor Resources Nears Commercial Production at Bachelor Lake

The Montreal Gazette reported that Metanor Resources has invested $100 million into its Bachelor Lake gold mine, and anticipates annual output of 50,000 to 60,000 ounces.

As quoted in the market report:

Metanor will rapidly become cash flow positive and Bachelor Lake can look toward a mine life of seven to 10 years based on existing reserve estimates, Perry said. The project has been financed by a careful blend of equity and debt.

To view the whole Montreal Gazette report, click here.