Canada’s Eldorado Gold (TSX:ELD)(NYSE:EGO) is temporarily minimizing operations at its Lamaque mine in Quebec until April 13 as the province has shuttered all non-essential services following a dramatic spike in the number of novel coronavirus cases.
Quebec’s Premier François Legault said Monday cases had reached 628, adding that there were four reported deaths in the province linked to the pandemic.
“There is reason to believe that there is beginning to be community transmission,” Legault said.
The surge in cases — up
409 from Sunday — meant the province was forced to roll out more
stringent measures to slow the spread.
“We are putting Quebec on pause,”
Legault said.
Effective March 25, Eldorado will
ramp down operational activity and maintain only essential personnel on site, located
in the Val d’Or mining camp, at the eastern end of the prolific Southern
Abitibi Greenstone Belt.
The Vancouver-based gold miner also
had some good news to share, as the provincial government has granted the
company an environmental permit for the expansion of underground production
from the Triangle deposit at Lamaque.
The project would allow the miner
to churn out 2,650 tonnes a day once operations resume, up from 1,800 tpd.
Lamaque, which began commercial operations last year, has an initial mine life of seven years and its output is set to increase to 125,000-135,000 ounces of gold in 2020 and 2021. Eldorado Gold also has mining, development and exploration operations in Greece, Romania, Serbia and Brazil.