St Barbara plans to restart ore processing at its Touquoy gold mine in Nova Scotia by late 2026, moving toward a final investment decision.
St Barbara is moving toward a final investment decision to restart ore processing at its Touquoy gold mine in Nova Scotia, targeting the end of 2026, according to a report from Business News.
The Touquoy operation, a past-producing open-pit mine in the Moose River district, was placed on care and maintenance in early 2022 after reserves were depleted. St Barbara has since been evaluating a restart plan that would process stockpiled ore and potentially extend the mine life through new satellite deposits.
The company said it is on course to resume processing by late 2026, though a final investment decision has not yet been made. The timing lines up with the current gold price environment, which has lifted margins for higher-cost operations. Spot gold has traded above US$2,000 an ounce for much of 2025, a level that makes restarting Touquoy more viable than when the mine was idled.
St Barbara also runs the Gwalia underground mine in Western Australia, its core producing asset. A restart at Touquoy would give the company a second producing operation and reduce its reliance on Gwalia alone.
The company has not disclosed the capital required for the restart or the expected processing rate. More details are likely to come when St Barbara releases its next quarterly report, due in late October.
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