The company is moving towards returning the Otso mine, which was earlier known as the Laiva gold mine, back to production.
Otso Gold Corp (CVE:OTSO), formerly Nordic Gold Inc (CVE:NOR), told investors it was an "exciting" time for the group as it moves towards returning the Otso mine (formerly known as the Laiva gold mine) back to production, earmarked for July next year.
All necessary elements for that to occur are in place, said the company in a shareholder update, including all permits and licenses and two open pits in place. Also a 'gold plated' process plant (mill) also on site which is well maintained and requires minimal capital expenditure, the firm noted.
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