Don Taylor, Chief Operating Officer at Arizona Mining will win the PDAC 2018 Thayer Lindsley Award. Source: Arizona Mining Inc.
Don Taylor, Chief Operating Officer at Arizona Mining Inc. [AZ-TSX] won the 2018 Thayer Lindsley Award for the discovery of the Taylor lead-zinc-silver deposit in Arizona. In early 2017, the company released a preliminary economic assessment (PEA), confirming that Taylor is a world class base metal deposit with further potential to grow. That was after the company released a maiden resource of 39.4 million inferred tons, grading 11% zinc equivalent in 2016. The estimate was based on 25 holes. The mine is expected to be in production in 2020.
IAMGOLD Corp [IMG-TSX, IAG-NYSE] and Sumitomo Metal Mining Co. Ltd. have won the 2018 Viola R. MacMillan Award for demonstrating leadership in the financing and management of one of Canada's largest undeveloped gold projects. In June, 2017 Sumitomo Metal Mining bought a 30% interest in the Cote Gold Project in northeastern Ontario from IAMGOLD for US $195 million. Cote is now expected to be the first new major open pit gold mine to be developed in northern Ontario in over five years. It is expected to produce an average of 320,000 ounces of gold per year over a 17-year life span when it enters production in 2021.