Metanor eyes 2017 restart at Barry

摘要

Metanor Resources (TSXV: MTO) hopes that a restart of its Barry open-pit gold mine in Val-d'Or, Que., will bring some extra pep to the junior's step, considering that cash flow and profits from its flagship Bachelor underground gold mine, 150 km north, are being hampered by a five-year-old gold stream. Ronald S. Perry, vice-president and treasurer of Metanor, tells The Northern Miner during a phone interview that any added mine life at Bachelor "is a win" for Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) - a royalty and streaming company that gave Metanor US$20 million in 2011, in exchange for a 20% purchase of Bachelor's life-of-mine gold production for US$500 per ounce.