The Reclamation Security Tracker from the Department of Mines and Energy website, indicates that as of December of 2018 Atlantic Gold (the parent company) has a security of $8.13 million with increase in increments to 2019 based upon the extent of disturbance. In 2011 the estimates for the cost of reclamation of the Moose River site was $10.4 million.
There has been some concern about the section of the act that allows satellite mines to act as a single mine. Could this impact the reclamation bond for the satellite location. I have been reassured that each individual mine site will be subject to a reclamation bond or security.