Foran Mining (TSX: FOM) has entered the commissioning phase at their McIlvenna Bay project in Saskatchewan. The company on Thursday evening indicated that wet commissioning has officially gotten underway at the project.
Wet commissioning officially began on February 14, with overall construction of the project said to have reached 88% completion as of the end of January. Mechanical commissioning is said to have been completed on a series of key infrastructure, including the primary crusher, SAG and ball mills, and key components of the flotation and process water circuits.
Construction is said to remain on track for commercial production to be achieved in mid 2026.
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Surface stockpiles are said to sit at 236,000 tonnes currently, while underground development advanced 541 metres in January. The first production stope blast is said to have occurred last month, with underground drilled and blasted inventory said to sit at 215,000 tonnes.
Once in commercial production, the McIlvenna Bay project is expected to operate for an initial 18 years, producing on average 38.3 million pounds of copper, 63.6 million pounds of zinc, 20,000 ounces of gold and 486,000 ounces of sivler annually.
“McIlvenna Bay is in its final stages of construction, now 88% complete with wet commissioning already underway. This is where years of disciplined execution translate into production – systems are coming online, operational readiness is our focus, and we expect first concentrate shortly. As we transition from developer to producer, we are establishing a long-life, low-cost operation that will underpin Foran’s growth for decades,” commented Dan Myerson, CEO of Foran Mining.
Foran Mining last traded at $7.26 on the TSX.
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