{
  "id": 12225506,
  "title": "Cambria targets late 2027 Premier mill restart",
  "url": "https://urgent.news/2026/10/05/cambria-targets-late-2027-premier-mill-restart",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T17:59:22.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/cambria-targets-late-2027-premier-mill-restart/"
  },
  "original_language": "en",
  "account": "Cambria Gold Mines, a Canadian mining company trading under the symbols CAMB on the TSXV and CAMVF on the US-OTC, is planning to restart its Premier gold mill in late 2027 after its first production attempt was hindered by insufficient underground feed. The 2,500-tonne-per-day mill, located near the port of Stewart and on Nisga’a Nation Treaty Lands in northern British Columbia, is expected to ramp up production through 2028. The Premier Gold Project (PGP) has enough accessible mineralization to commence mining, with additional feed expected from Red Mountain once its construction is complete. Robert McLeod, Cambria's President and CEO, announced the restart target in a statement, noting that $538 million has been invested in the project since 2021. An updated feasibility study, delayed from the current quarter to the first half of next year, will provide a revised mine plan, production schedule, and restart cost. Cambria's stock price has fallen 74% over the past year, currently trading at 77¢ per share. Analysts anticipate the company to progress towards commissioning in the fourth quarter of 2027, with some projecting a first-quarter 2028 start. The project has faced setbacks, including a failed restart in 2024 due to delays in underground development, which led to its subsequent suspension. Cambria now plans to begin operations using material from Premier, Silver Coin, and Big Missouri, with Red Mountain feed added later. The company has secured over $45.9 million from warrant exercises and is drilling Premier on 12.5-meter centres to enhance confidence in its geological model. Cambria has also obtained a Fisheries Act authorization for the construction of the Red Mountain access road, aiming to reach Bromley Humps by year-end and complete the alpine section the following year.",
  "summary": "Cambria plans to recommission the 2,500-tonne-per-day mill in the fourth quarter of 2027 and ramp it up through 2028.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}