Aurelia Metals Ltd. said Dec. 27 that it finalized the transition to contract mining at its Peak gold-copper-lead-zinc mine in New South Wales, Australia.

Under the contract, Pybar Mining Services Pty. Ltd. will undertake all underground development and production mining activities at the site for an initial five-year term.

"The move to contract mining is an opportunity we identified during our transaction due diligence," said Aurelia Managing Director and CEO Jim Simpson. The company will now focus on working with Pybar to manage the transition of mining personnel at the site.

Aurelia purchased the Peak mine from New Gold Inc.