Now two gold companies operating in Northern Ontario have been forced to do so within a month.
MacDonald is withdrawing all of the announced results for Scadding as the results are deemed not reliable. Scadding lies within a 197-square-kilometre land package on the eastern outer edge of the Sudbury basin, not far from Glencore’s Falconbridge smelter. Exploration there has revealed showings of nickel, copper, platinum group metals and gold. The area has been mined in the past and includes the former Scadding Mine. In an emailed response to Northern Ontario Business, Mike England, MacDonald’s interim CEO and a company director, did not elaborate on what prompted this review.
“All I can say for now is it is not widespread and confined to a part of the portfolio that has not been a flagship of the company. We anticipate having the comparisons all wrapped up early next week and will announce our findings and the timelines these happened in. In our case we do not feel an independent review is necessary as it has been easy to spot the differences and we do not have a resource calculation for Scadding,” said England.