Canadian junior Abcourt Mines is reopening the Sleeping Giant mine, halfway between Amos and Matagami in Abitibi, Quebec, with the aim of processing some ore at the end of September, or early October.
The TSX-V-listed company acquired the Sleeping Giant mine and mill in 2016, and in June announced plans to reopen the mine.
To date, Abcourt has invested more than $5-million in the reopening of the mine, with cash flow from the Elder mine.
“The company is very proud to have realised this project without contracting any debt,” said Abcourt in a statement on Thursday.
The rehabilitation of the mill and tailings pond was started immediately after the purchase of the property in 2016.
Reopening the mine will enable Abcourt to use the fill capacity of the mill and should reduce the operating cost per tonne treated.