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5 days agoScoping Study based on only 250,000 ounces of 494,000-ounce NI 43-101 gold resource (refer to table 6 for NI 43-101 resource breakdown) Production rate of 2.1 Mtpa for an initial 5-year operation; 35,000 ounces of gold per annum produced from conventional heap leach; At USD1,800/oz gold price: IRR of 99% (pre-tax) NPV 10% USD$77.2M (pre-tax)
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Current Gold Prices are over $1700 per ounce This is a 40 acre unpatented, gold mining placer claim, the Eddy Creek #10, in the beautiful Sierra Nevada Mountains and the ShastaTrinity National Forest The claim is legally registered with the Bureau of Land Management out of Sacramento and Siskiyou County
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The economic analysis utilizes an average gold price of US$1,275 per ounce over the 5.3 year life of operation. This data is presented with a sensitivity analysis that examines the Project...
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It was designed to produce 1.4 million ounces (oz) of gold in the first six years at an average grade of 3.6 grams per ton (g/t). The mine was operated towards the western end of the pit and was nearing closure in 2009. It was originally scheduled to close down in 2010.
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In the third quarter of 2010, cash operating costs of $312 per ounce and total cash costs (including the 5% royalty) of $372 per ounce, combined with a $1,226 average realized gold price resulted in a cash margin of $854 per ounce, an increase of 33% over the same period of last year.
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2000. Similarly, the 1972 agreement in the Midwest region for the payment of $0.50 per ton was equivalent to a 30% royalty rate at the price of stone prevailing in 1972 but would be equiv alent to about a 10% rate today. In general, the outright purchase agreem ents seem to pay a higher royalty rate than the per ton agreem ent. Learn More
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From 2015 to 2016, the company invested a total of 1.79 million euros in exploration, increasing the amount of mineral resources of 283 tons, produced 3.8 million ounces of gold in 2017. The value of AngloGold Ashanti's assets is around $9.5 billion. 4. Goldcorp Inc.
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