Financial release. Any comments????
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Guyana Goldfields Inc. Updates Feasibility Study and Demonstrates Aurora as a Low-Cost Producer with Average LOM Production of 190koz\/yr with an AISC of US$661\/oz <\/p>\n
The updated FS reflects an extended open-pit\/deferred underground mining scenario, as well as current cost parameters, and reserves based on a revised gold price of US$1,000 per ounce.<\/p>\n
The mine plan produces 2,865,726 ounces of gold at an average life of mine (“LOM”) grade of 2.94 grams per tonne (“g\/t”) gold over an initial 16 year mine life at an all-in sustaining cost (“AISC”) of US$661 per ounce. Average annual gold production over the LOM is 188,000 ounces, and averages 200,000 ounces per year over the period from 2017 – 2028. Gold production peaks in year 2023 at 231,000 ounces. Gold production is staged with an initial open pit mill throughput rate of 5,000 tonnes per day (“tpd”) from the Rory’s Knoll deposit expanding to 8,000 tpd in early 2017 with the inclusion of other open pit feeds from the Aleck Hill and Mad Kiss deposits. Underground mining at Rory’s Knoll commences in year 2022 and lasts for nine years. <\/p>\n
Read More here……<\/a><\/p>\n Financial release. Any comments???? ———————————————————————————— Guyana Goldfields Inc. Updates Feasibility Study and Demonstrates Aurora as a Low-Cost Producer with Average LOM Production of 190koz\/yr with an AISC of US$661\/oz The updated FS reflects an extended open-pit\/deferred underground mining scenario, as … Continue reading ![\"GUY](\"http:\/\/goldtadise.com\/wp-content\/uploads\/2016\/01\/GUY-weekly-248x300.png\")
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