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Canada

Red Lake Operation

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Red Lake Operation

Location: 0.1 km N from Balmertown, Ontario, Canada

Address:

17 Mine Road
Bag 2000
Balmertown
Ontario, Canada
P0V 1C0

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeUnderground
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Sub-level open stoping (SLOS)
  • Avoca
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
Snapshotthe largest, highest grade gold camps in North America.

The Red Lake Operation operates three different historical underground mines (Red Lake, Campbell and Cochenour) and two processing facilities (Red Lake and Campbell Mills).

The recently acquired Bateman Gold Project has added a fourth orebody and a third processing plant, resulting in a consolidated mining region with numerous opportunities to maximise production and margins.

The original project focused on restarting and grading the Bateman mill, but during the FY23 Life of Mine plan work, a decision has been taken to defer this work and instead look at a whole of operation processing optimization project. This project will also take into consideration the improved performance at the Campbell mill which has been approved to
Related AssetBateman - F2 Project

Owners

SourceSource
CompanyInterestOwnership
Evolution Mining Ltd. (operator) 100 % Indirect
Evolution Mining Ltd. operates wholly-owned mine Red Lake in Ontario, Canada.
SourceSource

Deposit type

  • Vein / narrow vein
  • Replacement
  • Breccia pipe / Stockwork

Summary:

exes (Red Lake, Campbell and Cochenour) and the recently acquired Bateman Gold Project.

Red Lake mineralisation is hosted in the Red Lake greenstone belt. Mineralisation is associated with multiple episodes of volcanism, sedimentation, plutonism and deformation and is hosted in a variety of rock types within the Red Lake Greenstone belt. Economic zones of mineralisation are characterised by vein hosted gold systems accompanying sulphide replacement within sheared mafic to komatiitic basalts.

The Red Lake/Campbell, Cochenour, HG Young and McFinley deposits are hosted within significantly folded and sheared portions of the Balmer Assemblage dominated by tholeiitic basalt and komatiitic basalt intruded by felsic, mafic and lamprophyric intrusive rocks. Shear zones act as primary hydrothermal fluid corridors and host significant portions of the gold mineralisation in the area. Other significant mineralised structures occur within lower-strain areas of the stratigraphy.

Orebodies

Reserves & Resources

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Mining

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

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Beneficiation

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Commodity Production

Red Lake produced 113,000 ounces of gold in 2019 since the completion of the acquisition of the mine site as part of the Newmont Goldcorp transaction.

On March 31, 2020, Newmont completed the sale of the Red Lake complex to to Evolution Mining Limited.
CommodityProductUnits202420232022202120192018201720162015
Gold Payable metal oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Silver Payable metal oz  ....  Subscribe  ....  Subscribe  ....  Subscribe
Gold oz 137,043317,106226,787330,893359,713
^ Guidance / Forecast.

Operational metrics

Metrics20232022202120192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe509.9 k tons
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe495.2 k tons717.2 kt548.8 kt535,544 t501,917 t

Production Costs

Commodity20242023202220212020201920182017
Credits (by-product) Gold  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs Gold  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs (sold) Gold  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Total cash costs (sold) Gold 1,547 / oz **  USD
Total cash costs Gold 612.29 / oz **  USD 1,013 / oz **  USD
All-in sustaining costs (sold) Gold  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,994 / oz **  USD
All-in sustaining costs (AISC) Gold 1,468 / oz **  USD 1,500 / oz **  USD
All-in costs Gold  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.
** Net of By-Product.

Operating Costs

Currency2016
UG mining costs ($/t mined) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe

Mine Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M AUD  ....  Subscribe
Sustaining costs M  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 61.4  USD 70.8  USD
Capital expenditures M  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 34.2  USD 59.1  USD 58.4  USD
Revenue M  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 116.1  USD 291.9  USD 298.4  USD
Operating Income M -55  USD 70.8  USD -6.5  USD
EBITDA M  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Operating Cash Flow M  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Dec 30, 2023
....................... Subscription required ....................... Subscription required Subscription required Nov 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Nov 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 14, 2023

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required 2021
...... Subscription required 2020
...... Subscription required 2019

Aerial view:

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