On June 13, 2022, the Company released the highlights on an independent preliminary economic assessment ("PEA") on the Barry open pit project in the Urban-Barry Camp in northern Quebec. PEA highlights included (using a US$1,600 gold price) On September 7, 2022, the Company announced that is has elected to put the underground infrastructure at the Bachelor-Moroy deposit under long-term care and maintenance and expects to complete this process early in the fourth quarter. This is expected to reduce the annual maintenance costs by at least $3 million and will allow the Company to reallocate these financial resources toward advancing the development of the Barry deposit. The status of the assay lab, camp, mill, and the tailings management area remains unchanged. |