Loading ...True Gold begins mining at Karma
This site can provide latest news releases of any junior mining companies.
Next week I will be buying this one.
Oct 2015 :
Mine construction update
“Karma will produce approximately 120,000 ounces of gold per year during our first five years at the lowest quartile of cash costs, laying the foundation for True Gold to become a mid-tier producer1.”
Karma mine construction is rapidly progressing with nearly 1,000 staff and contractors active on site. Overall, the project is approximately 73% complete and is funded through construction to production. The Company has $19 million in cash and up to $48 million available under our finance facility as of September 30, 2015.
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