For the entire Kiena complex, the measured and indicated resource is 1.0 million tonnes grading 6.38 g/t gold for 211.100 contained oz.
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Sherritt owns 50% of the Moa joint venture, and at Ambatovy it is the operator and holder of a 12% interest.
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The company has not yet released its 2018 full-year financials, but previously said it expects 2018 full-year AISC to be at $850 per oz. gold.
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A December 2017 feasibility study estimated the open-pit project would produce about 116,000 ounces of gold over a 17-year mine life.
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By Monday, local officials had confirmed at least 60 people dead and said they fear hat among the hundreds who are still missing there will be very few survivors.
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The company churned out 304,400 ounces of gold last year, 36% more than a year earlier and a whooping 85% increase when compared to 2017.
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The assessment revealed that Pegmont has a mine life of 10 years at 3,000 tonne per day open pit followed by an underground operation.
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Building activities at Côté Gold, located in the Abitibi gold belt in Ontario, were slated to start in the first months of 2019, with pre-production beginning in late 2020.
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The mineral resource update totalled 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million of indicate ounces, a surge of 57,000 ounces from the previous update.
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Prior to this discovery, heating the alloy would result in cracks along the weld.
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