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Canada

Lynn Lake Project

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Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotLynn Lake is one of the highest-grade open-pit gold deposits in Canada.

The Lynn Lake Gold Project will be built as two conventional open pit mines with a centralized processing plant facility and a tailings management facility. The Lynn Lake Gold Project is composed of two properties: MacLellan and Gordon.

The current mine life includes two years of pre-production followed by 11 years of production mining. Mill feed is stockpiled during the pre-production years and reaches a peak stockpile capacity of 18.7 Mt at the MacLellan site near the end of Year 8. Stockpiled material at Gordon reaches 2.5 Mt in Years 3 to 5. Stockpiled ore will provide mill feed for seven years after mining ends.

Permitting:
- EIS approval – March 2023
- IBA with Marcel Colomb FN – June 2023

The focus in 2024 is on further de-risking and advancing the project ahead of an anticipated construction decision in 2025.

Owners

SourceSource
CompanyInterestOwnership
Alamos Gold Inc. 100 % Indirect
Alamos owns the development-stage Lynn Lake Gold Project.

Contractors

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Deposit type

  • Vein / narrow vein
  • Orogenic

Summary:

Deposit Types
The MacLellan and Gordon deposits can be considered as belonging to the class of gold deposits referred to as orogenic. The orogenic gold deposit model (Groves, Goldfarb, Gebre-Mariam, Hagemann, & Robert, 1998) characterizes structurally controlled gold occurrences formed during orogenesis by either metamorphic or deeply sourced magmatic fluids.

The ore bodies typically form ore shoots. An ore body can vary between 0.5–50 m wide, 100’s of meters long, and consists typically of a vein network, an en echelon vein swarm, or just of one single large vein. The depth extent of an ore body may well be much larger than its extent along strike.

All deposits are characterized by an alteration halo consisting of proximal to distal carbonatization and proximal potassic alteration. Elements enriched typically include arsenic, gold, potassium, rubidium, sulphur, antimony, tellurium, and tungsten; in some cases, also silver, boron, bismuth, cobalt, copper, and selenium are enriched.

MacLellan
Gold and silver mineralization at the MacLellan deposit are synchronous with, and spatially associated with significant D2 shear zones (Hastie, Gagnon, & Samson, 2018). The highest concentrations of Au-Ag within the MacLellan deposit are where east-west trending dextral D2 shear zones are intersected by NNE-SSW trending D4 brittle faults.

Two stages of gold mineralization at the MacLellan deposit were identified by Hastie (2018):
• Au-Ag mineralization associated with pyrrhotite and arsenopyrite replacement of iron carbonate veins parallel to D2 ductile shearing. Biotite plus silica alteration are associated with this mineralization event; and
• Spatial association with the intersection of D2 shear zones and D4 faults. The gold mineralization is characterized by fracture-filling native gold, aurostibite, and Au-rich rims and fractures in arsenopyrite.

Gordon
At the Gordon deposit, a set of extensional and shear veins developed during D2 deformation. The moderately south dipping (25°-45°) iron carbonate-quartz extension veins are preferentially developed in the iron formation, although they are observed in most lithological units. The shear veins are S2 foliation parallel. Both vein orientations show pyrite and pyrrhotite replacement of iron carbonate within the veins and the host iron formation has sulphidized replacement halos peripheral to the veins. Gold is associated with the sulphides in both the veins and sulphidized iron formation.

Weston (2014), conducted a detail investigation of high-grade intersections throughout the Gordon Deposit, concluding that:
• High grade mineralization is associated with shallow-dipping, sulphidized quartzcarbonate veins with an average wide of 9 cm.
• High-grade mineralization is also present within strongly sulphidized iron formation. The sulphide replacement zones average 2.4 m in width however range from 15 cm to 8.3 m wide and often display sharp visual contacts with weakly to non-mineralized iron formation.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnitsAvg. AnnualLOM
Gold koz 1352,185
Silver koz 1602,623
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Daily ore mining rate  ....  Subscribe
Daily processing capacity  ....  Subscribe
Hourly processing capacity  ....  Subscribe
Annual mining rate  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
Credits (by-product) Gold USD  ....  Subscribe
Total cash costs Gold USD  ....  Subscribe
All-in sustaining costs (AISC) Gold USD  ....  Subscribe
Assumed price Silver USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2023 study / presentation.
** Net of By-Product.

Operating Costs

CurrencyAverage
OP mining costs ($/t mined) CAD  ....  Subscribe
OP mining costs ($/t milled) CAD  ....  Subscribe
Processing costs ($/t milled) CAD  ....  Subscribe
G&A ($/t milled) CAD  ....  Subscribe
Total operating costs ($/t milled) CAD  ....  Subscribe
* According to 2023 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M CAD  ......  Subscribe
Sustaining CapEx $M CAD  ......  Subscribe
Closure costs $M CAD  ......  Subscribe
Total CapEx $M CAD  ......  Subscribe
OP OpEx $M CAD  ......  Subscribe
Processing OpEx $M CAD 682
Refining and transportation $M CAD  ......  Subscribe
Transportation (haulage) costs $M CAD 74.2
G&A costs $M CAD 342.9
Total OpEx $M CAD  ......  Subscribe
Mining Taxes $M CAD  ......  Subscribe
Income Taxes $M CAD  ......  Subscribe
Total Taxes $M CAD  ......  Subscribe
Royalty payments $M CAD  ......  Subscribe
Net revenue (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax NPV @ 5% $M CAD  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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EV - Electric

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 2, 2023
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....................... Subscription required ....................... Subscription required Subscription required Jul 21, 2024
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EmployeesYear
...... Subscription required 2023

Aerial view:

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