Kirkland Lake's Armistice Resources reports it has started the shipment and sale of gold concentrate from its McGarry Mine.
President Todd Morgan said it's an “exciting milestone” for the company's first operating mine.
“The initial shipment of 35 tons of concentrate from the mill in Cobalt, Ontario to the smelter also marks Armistice's first generation of revenue and operating cash flow.”
The company is approaching production of 200 tons per day from the mine to the Cobalt mill, and is working to boost that to 350 to 400 tons by 2013.
Armistice has an underground stockpile of 3,500 tons of broken ore that's available for shipment.
The McGarry Mine is located in Virginiatown near the Quebec border and is adjacent to the Kerr-Addison Gold Mine that produced more than 11 million ounces of gold.
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