WHITE RIVER – Vault Minerals is aiming for the fall of 2027 to resume mining at its mothballed White River gold mine.
But the restart date is contingent on the Australian company receiving a timely provincial approval to commence construction of a new tailings facility ahead of the start of any mining operations.
The company delivered an update on its underground Sugar Zone mine, 30 kilometres north of White River, in a July 28 report.
After suspending operations in the summer of 2023, Vault expects mine production and milling operations to restart in November 2027.
Vault is the name of two Australian mining companies — Silver Lake Resources and Red 5 — that merged in the summer of 2024. Sugar Zone is the combined company’s only gold asset outside of Australia.
Silver Lake acquired Sugar Zone in a CCAA sale of the former Harte Gold mine property in 2022, which had entered production with much fanfare in the fall of 2018.
[More]
