Under the terms of the stream amendment transaction, OBL has agreed to provide an additional deposit of $25M to Mantos Copper in exchange for certain amendments to the existing silver purchase agreement including reduction of the ongoing transfer price payment per ounce from 25% to 8% of the spot silver price on the date of delivery and increase in the tail stream from 30% to 40% of payable silver after 19.3 million ounces
of refined silver have been delivered.
Silver sales were down 15% to 10.3 million ounces
, and silver production fell 13% to 11 million ounces
* Full-year gold production of 4.53 million ounces
was within guidance, at a cost of sales of $892 per ounce, and all-in sustaining costs of $806 per ounce.
Teras filed a NI 43-101 technical report with an indicated resource of 1.0 million ounces
of gold and 11.9 million ounces
of silver on its Cahuilla project (70 million tons at an average grade of 0.015 ounces per ton gold and 0.17 ounces per ton silver with a cut-off of 0.008 ounces per ton gold) and inferred class of 10 million tons grading 0.011 opt gold and 0.10 opt silver.
Corbett says Misima is a large project with a 2.8 million ounce
resource base, on an island east of Port Moresby and has already produced 4 million ounces
The target at RC Gold, which is newly road accessible, is an Intrusion Related gold deposit such as Victoria Gold's Eagle Gold Mine deposits at 3.6 million ounces
, Golden Predator's Brewery Creek Mine deposits at 1.54 million ounces
and AM Gold's Red Mountain deposit at 1.95 million ounces
, in the Yukon and Kinross' Fort Knox deposit at 3.0 million ounces
gold in Alaska.
Katoro Gold PLC (LON:KAT) is looking at ways to boost the resource at its two gold projects in the Lake Victoria Goldfields, Tanzania to one million ounces
to help their marketability.
In 2018 these operations produced a total of 4.1 million ounces
of gold, approximately double that of the industry's next largest gold mine (Muruntau in Uzbekistan).
As at 31 December 2018, Gold Fields had attributable gold Mineral Reserves of 48 million ounces
(2017: 49 million ounces
) and gold Mineral Resources of 97 million ounces
(2017:104 million ounces
Chairman of Conroy Gold and Natural Resources, Prof Richard Conroy told the Irish Mirror it expects to find several million ounces
This will allow the company for the first time in its history to produce more than one million ounces
As for reserves, both measured and indicated, Philex chalked up 185.72 million tons of material that contain about 2.6 million ounces
of gold and 914.6 million pounds of copper.