In a ritual that has been performed thousands of times before in Timmins, a brand new gold bar was poured Thursday morning. The shiny ingot, weighing around 55 pounds, was valued at roughly $1.2 million.
For a handful of people in Timmins it might be a common thing, but for Tahoe Canada it signifies that the company made the right moves eight years ago when Lake Shore Gold, now Tahoe Resources, was being created.
The gold bar that was poured at the company’s Bell Creek refinery was the one-millionth ounce of gold that has been produced since the company initiated its Timmins mining complex back in 2009. Continue Reading →