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Orion to pay $225m for 50% interest in Greenstone Gold Mines

The Greenstone Gold Mines Partnership is currently developing its flagship Hardrock mine project in Ontario

The Greenstone Gold Mines Partnership is currently developing its flagship Hardrock mine project, located within the Greenstone gold property near the town of Geraldton in Ontario, eastern Canada. 

As of 2019, it was estimated that the Hardrock open-pit deposit hosted 68.85 million tonnes at 1.33 g/t Au in measured and indicated resources, while the Hardrock underground deposit was estimated to host 4.90 million tonnes at 3.93 g/t Au in measured and indicated resources.

“Orion looks forward to being a partner in turning the Hardrock project into Ontario’s next prominent mine,” the firm’s portfolio manager, Istvan Zollei, said in a media statement. “After years of successful exploration and development work, we believe the Greenstone project has the potential to grow into a large, long-lived gold mining operation with multiple deposits.”

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