O3 terminates option to acquire Aurbel mill

Exploration and development company O3 Mining has terminated its option with Eldorado Gold to acquire the Aurbel mill, which is located about 10 km from its Alpha property in Quebec. In 2022, O3 Mining was granted an option to acquire the mill, tailings and associated permits for C$5-million and annual maintenance costs of C$87 500 a year to maintain the mill during the option term.