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  • September 8, 2022
  • Industry News
Matheson-area gold deposits show 24 years of mine life

Moneta Gold posts economic base case for large open-pit and underground operation

A Toronto mine builder is introducing the next gold mine for the Timmins camp.

Moneta Gold is putting a 24-year mine life on its Tower Gold Project, located near Matheson, after releasing a positive preliminary economic assessment (PEA) on Sept. 7.

In its news release, the company said Tower Gold offers a low-cost operation with “strong economics” that should be provide opportunities for area First Nations and other local stakeholders.

Read the entire article from Northern Ontario Business

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