Asset Report
Hope Bay mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Hope Bay mine is located 160km above the Arctic Circle in Nunavut, Canada, where remote and climatic conditions are harsh. Snow accumulation begins in September with ice remaining until the following June. Sea access is generally available for 1-2 months of the year. Bulk materials and supplies are to be moved to site by barge from Hay River, with other supplies and personnel transported to and from the site by aircraft. Commercial production commenced in May 2017. The Company suspended mining at Hope Bay in February 2022 and has since focused on accelerating exploration and evaluating larger production scenarios.
Table of contents
- Summary
- Currently, the project is advancing infrastructure and exploration work to support a potential redevelopment decision, with an updated study expected in the first half of 2026. If built as planned, the project could produce 400-425koz of gold per year. Mining and processing rate of the project are expected to be ~6,000 tpd.
- Mining
- Processing
Tables and charts
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Detailed map
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