07:30 AM EST, 12/03/2024 (MT Newswires) -- Foran Mining ( FMCXF ) said Tuesday that it continues to advance the construction of the McIlvenna Bay copper-zinc-gold-silver project in Saskatchewan.

The company outlined the progress of work at the project, including the rebar installation for the process plant building, installation of the semi-autogenous grinding mill shell, completion of under-pad earthworks for the waste rock and ore pad expansion, and continued aggregate material crushing operations.

A 2022 feasibility study on McIlvenna Bay outlined reserves of that would potentially support an 18-year mine life, producing an average of 65 million pounds of copper equivalent annually.

Foran's share price closed 1% lower yesterday to $4.06 on the TSX.