Feb 04, 2021 Over a mine life of 11.3 years the project looks set to generate US$2.3bn in pre-tax cash flow, with average annual gold production ringing in at 335,000 ounces for the first nine years. All-in sustaining costs run to US$645 per ounce over the life of mine, allowing for significant margin on the current US$1800-plus gold price, with a.
The Cote gold deposit is being developed as a $1.3bn open-pit gold mine in northeastern Ontario, Canada. It is expected to produce 367,000 ounces (oz) of gold annually over its 18-year mine life. A joint venture between Iamgold and Sumitomo Metal Mining (SMM) holds a 92.5 interest in the project.
Nov 28, 2018 Homestake Mining was producing gold at the cost of $42 an ounce in 1971 when the average price was $40.80. Thus, Homestake Mining lost money producing gold in 1971.
Mar 19, 2021 The 2020 April feasibility study highlighted a C$341-million after-tax net present value (NPV) and an after-tax internal rate of return (IRR) of 51 at $1 400 oz of gold.
On November 13, 2015, First Mining completed the acquisition of Gold Canyon Resources Inc., which wholly owns the Springpole Gold Project. Springpole is one of Canada's largest undeveloped gold projects with the property covering a land position totalling 41,943 hectares.
SpaceGold is an Asteroid mining project to bring back Gold and Platinum metals to Earth. There have been efforts from companies like Planetary Resources in the past in this area, but they couldn’t pinpoint a feasible approach to process the metals in Space.
The Tuvatu gold project is a low-cost, high-grade, underground mine located on the west coast of Viti Levu, Fiji, approximately 17km from Nadi International Airport. Drilling at the Tuvatu gold mine began in 2016. Image courtesy of Lion One Metals. The Tuvatu deposit is situated along the Navilawa.
Dec 22, 2020 An Idaho-based junior explorer released the results of an independent feasibility study for its Stibnite gold project. The study said that capital costs will be $1.29 billion, including contingency capital. According to the report, the project is expected to produce than 4.2 million ounces of gold during the 15-year mine life.
Coriorcco Gold Project hosts 17 mineralised veins at surface with widths 1.2m within a 1 km by 800m zone of intense epithermal related alteration. Average gold grades generally improve with depth from assays on over 400 meters historical underground development, yet to be drill tested.
Feb 04, 2015 In gold mining, it includes the direct costs of mining, processing, transportation, and refining. The expenditure on OPEX of this group of seven companies from 2003 to 2013 ranges from 35 to 57 of annual cash flow, and averages almost 45 .
Jun 24, 2020 Pit optimization is based on an assumed gold price of US$1,500 oz, metallurgical recovery of 90 , mining cost of US$2.00 t and processing and G A cost of US$23.00 t. Underground resources with reasonable prospects of eventual economic extraction stated as contained within gold grade shapes above a 1.50 g t Au cut-off.
Mar 29, 2021 ASX-listed Bardoc Gold on Monday reported that the project would require a capital investment of some A$177-million, and would life-of-mine all-in sustaining costs of A$1 188 oz.
Mar 25, 2021 President and CEO Luc Lessard noted how the project by-products and automated operations are expected to contribute to the low costs profile. “The Horne 5 project demonstrates robust returns from average annual gold production of 220,300 oz. over a 15-year mine.
Feb 12, 2021 The bill heads to the Senate Committee on Rules Friday morning, but budget proposals unveiled by both chambers Wednesday vary while the House budget includes the $250,000 DMME has estimated the gold-mining study will cost, the Senate chose not to allot equivalent funds.
Apr 06, 2021 First Mining Gold Corp (OTCQX FFMGF) said it has signed a definitive agreement with Big Ridge Gold Corp (CVE BRAU) (FRA 3H8B) whereby the latter may earn up to an 80 interest in the company’s Hope Brook gold project in Newfoundland, Canada.The company said that under the earn-in agreement, Big Ridge can earn an 80 stake in the project through a two-stage earn-in over five.
Winston Gold Corp. is a junior mining company focused on generating cash flow by advancing high-grade, low cost mining opportunities into production. Our management and operations team have considerable experience identifying and developing high-grade underground mines that exhibit excellent potential for success.
Feb 18, 2021 The company aims to produce 160,000 ounces at Bellevue Gold in the first five years of its 7.4-year initial mine life. The project is designed have a.
Jul 21, 2020 (All figures in US dollars unless otherwise indicated.) Toronto, Ontario-(Newsfile Corp. - July 21, 2020) - IAMGOLD Corporation (TSX IMG) (NYSE IAG) ( IAMGOLD or the Company ), together with joint venture ( JV ) partner Sumitomo Metal Mining . ( SMM ), is pleased to announce the decision to proceed with the construction of the C t Gold Project ( C t , or the Project.
Jan 27, 2021 Last February, the miner signed an equipment purchase agreement (EPA) with Mako Mining, Marlin Gold and Oro Gold for C$1.2 million (US$906,000) to obtain a complete crushing system to support future production and allow for cost-efficient operation.