Tag Archives: Mathieu Gignac

SolGold-Cascabel

G Mining Services to oversee SolGold Cascabel Project feasibility study

Base metals, Mineral exploration, Mining services, Precious metals, , , , ,

SolGold plc says G Mining Services Inc has been awarded the contract to provide project management services for the Cascabel Project feasibility study (FS), in Ecuador, following a competitive selection process that considered multiple firms with extensive mining expertise.

G Mining Services’ project management scope will include overseeing timelines, milestones and deliverables, as well as implementing and managing cost control systems.

G Mining will develop and maintain detailed project schedules, assist SolGold with specialised consultant selection and contract management and provide senior estimation services for project costing. It will also offer expertise in various engineering disciplines such as mining, infrastructure, metallurgy and processing, and capital and operating expense estimation. SolGold will continue to maintain substantial input in the selection of specialised consultants. This phase is key to de-risking the project and will lay the foundation for future development stages.

G Mining Services was selected for this important phase due to its substantial experience in the Ecuadorian mining sector, notably its success with the Fruta del Norte project, competitive cost structure and availability to meet the project’s timeline for this scope, SolGold says. It has successfully delivered on several major global projects, including the Tocantinzinho gold project in Brazil and Newmont’s Merian mine in Suriname.

Scott Caldwell, President and CEO of SolGold, said: “We are pleased to have G Mining onboard for this critical phase of the Cascabel project. Their Ecuadorian experience, cost-competitive approach and strong team make them the ideal partners as we advance the project, de-risk key elements and move forward. There remain numerous areas we feel meaningful improvements can be made to the existing PFS, particularly in the areas of the inclusion of the Tandayama-Ameríca open-cut resources, gold and copper recovery, improved mine plan, site layout and infrastructure efficiency, power supply, waste rock and tailings management. We look forward to G Mining’s assistance in this evaluation.

“At the same time, we are working on the processes to secure the various permits to facilitate access to development and the balance of the financing that will be required for a development decision.”

The Cascabel PFS envisaged average production of 123,000 t/y of copper, 277,000 oz of gold and 794,000 oz of silver from a mine that had an initial 28-year mine plan of 540 Mt containing 3.2 Mt of copper at 0.60% Cu, 9.4 Moz of gold at 0.54 g/t Au and 28 Moz of silver at 1.62 g/t Ag based on its reserves.

Mathieu Gignac, President of G Mining Services, said: “We are excited to collaborate with SolGold on the Cascabel project, a world-class copper-gold deposit with immense potential. Our team’s experience in managing large-scale projects like Cascabel, combined with our local presence in Ecuador, positions us to help SolGold unlock significant value while systematically de-risking and advancing this outstanding asset.”

Foran Mining drafts in G Mining Services for McIlvenna Bay project build

Base metals, Mineral project development, Mining services, Precious metals, , , , , , , , ,

Foran Mining has selected G Mining Services (GMS) as its partner in the formation of the integrated project management team (IPMT) for construction of its 100%-owned McIlvenna Bay Complex in Saskatchewan, Canada.

Founded in 2006, GMS is a mining consultancy firm excelling in both underground and open-pit mining and processing projects, including operations in Canada. It has a range of services spanning greenfield projects to mine operation, with notable work carried out on Lundin Gold’s Fruta del Norte project in Ecuador, Newmont Mining’s Merian Mine in Suriname, the Greenstone project in Ontario and the Tocantinzinho project in Brazil.

Foran says GMS has achieved a remarkable 100% success rate in delivering projects on or below budget.

Dan Myerson, Foran’s Executive Chairman & CEO, said: “G Mining Services is the ideal partner to deliver the McIlvenna Bay Complex into production and unlock this meaningful critical minerals district. GMS’ unique and innovative IPMT model enables a harmoniously aligned construction team seamlessly transitioning into an operating team, which is critical to success. Integrating GMS within our ranks provides the support and accountability needed in delivering safe, on-budget, and on-schedule mine construction. Their expertise, unwavering commitment to safety, and dedication to timely and fiscally prudent project delivery are expected to play an instrumental role into McIlvenna Bay’s development.”

Mathieu Gignac, President of G Mining, added: “We consider ourselves fortunate to partner on projects that align with our expertise and with people who align with our values. The opportunity to work with Foran, be an integral part of their team and contribute to the development of McIlvenna Bay brings us great excitement, particularly as McIlvenna Bay becomes Saskatchewan’s pioneering base and precious metals project. Our involvement not only emphasises our commitment to delivering excellence but also highlights our role in bolstering Canada’s critical minerals sector.”

In line with this transition, Gilbert Lamarche, previously Vice President, Technical Services, has been promoted to Chief Operating Officer. David Bernier, former COO, will continue to play a role within the company, leveraging his contributions in de-risking, building and growing the project and advancing key strategic initiatives, the company says. Sam Renelli has been promoted from Operational Readiness Manager to the position of Vice President, Technical Services.

The 2022 feasibility study on McIlvenna Bay outlined a 4,200 t/d operation over an 18.4-year mine life, able to produce an average annual production of 33,000 t of copper-equivalent output over the first 15 years of mine life. By individual metal, this equates to 17,600 t of copper, 28,900 t of zinc, 20,000 oz of gold and 486,000 oz of silver.