Magdalena is a small scale bituminous mine.
Following renewed interest in the Group’s bituminous coal, underground mining re-commenced at Magdalena on a small scale in Q2 2020, targeting monthly production of 8,000 tpm. During Q3 2022 the section was upscaled to a full section however the ramp-up in production has been slower than anticipated.
During the months of October and November 2022, both Aviemore East and Magdalena production were disrupted by labour-related issues.
On April 20, 2023, Buffalo Coal Corp. is pleased to announce the completion of the going private transaction by way of share consolidation, which was approved by the Company's shareholders. In connection with the Consolidation, the common shares of the Company will be delisted from trading on the TSX Venture Exchange at the end of the trading day on April 21, 2023.
Due to the delisting the Company's common shares, Buffalo Coal stopped publishing Financial Information from Q4 2022. |