Sugar Zone Offtake

Sugar Zone is an operating mine located in Ontario, Canada with reserves of 797Koz. The mining operations comprise an underground mine and associated processing plant. Silver Lake Resources is currently undertaking a strategic review of the operation with the potential to execute on an expansion plan developed by the previous owner to produce approximately 100,000 ounces per year.

Silver Lake Resources announced they will invest US$24 – $31 million into Sugar Zone Mine on operational improvements and are currently targeting 45,000 – 50,000 ounces of gold sales annually.