Harte to proceed with Sugar Zone expansion based on positive feasibility
Ontario-focused Harte Gold has announced plans to go ahead with an expansion of its Sugar Zone mine to 1,200 t/d, from the current 800 t/d throughput, based on strong feasibility study economics. The latest study suggests that an incremental $21 million in expansion capital could grow throughputs by 50% starting in the first quarter of 2023. As a result, annual gold production would average 98,700 oz. between 2023 and 2027. All-in sustaining costs are forecast to drop down to an average of US$1,025 per oz. in those five years – this year’s AISC guidance stands at US$1,400 to US$1,550 per...