The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
EPZ's Cerro Jumil
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JOE MAZUMDAR, Haywood Securities
(01/18/2011)
"At Cerro Jumil, Esperanza Resources has completed a positive PEA, which returned an M&I resource of 636 Koz. grading 0.80 g/t gold and 479 Koz. grading 0.60 g/t silver. An additional inferred resource of 378 Koz. grading 0.74 g/t gold and 6,068,000 ounces grading 11.9 g/t silver has been defined. The PEA envisages a conventional open-pit, heap-leach scenario, with a recovery rate of about 68%, at a cash cost of US$418/oz., requiring about $72M of development capital. The conceptual mine plan would deliver just over 50 Koz. gold/year from the heap-leach process. The July 2010 feasibility study on San Luis estimates production of 78 Koz. gold and 1.86 Moz. silver over a 3.5-year mine life (100% basis). The operating cost is estimated to be about $160/ton of ore processed with a development capex of $90.4M. An NPVS% is estimated at $39.2M, with an IRR at 26.5% based on a gold price of $800/oz. and a silver price of $12.50/oz. ($154M NPVS% using $1,350 gold and $25 silver prices)." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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