The previous inferred resource was 2.3 million oz. gold in 20 million tonnes grading 3.5 grams. Measured and indicated resources remained the same at 2.8 million oz. of metal in 33 million tonnes grading 2.7 grams gold.
The company plans to complete a preliminary economic assessment at the project late this year.
“Great Bear continues to exceed expectations and we were excited to add more than one million ounces of higher-grade underground resource,” Kinross CEO Paul Rollinson said in the release. “We continue to successfully target extensions of the resource at depth, reinforcing our view that Great Bear has the potential to be a large, long-life, high-grade mining complex.”
Analysts share the company’s optimism for the project’s growth prospects, with BMO Capital Markets seeing the potential for an even longer-lived mine than currently envisioned.
“While Kinross management continues to envision Great Bear as a about…
