The combined company is expected to produce over 235,000 gold-equivalent ounces annually.

The national INEI statistics agency said May copper output fell by 42.2%, while gold was down 65.1%.

The mine is expected to produce 210,000 oz gold annually, making it the largest in Yukon's history.

The phase 1 drill program began in January but was shut down in March due to the covid-19 outbreak.

A total of 6,399 metres (32 holes) have been drilled since late May.

Company plans an initial public offering next month.

The gold miner appointed four new directors and asked British regulators to look into possible breach of the takeover code by a major shareholder.