OTCPK:MEAOD - Post by User
Comment by
btrevorbon Oct 10, 2014 12:40am
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Post# 23017272
RE:Short history of open pit gold mine in Canada
RE:Short history of open pit gold mine in Canada During its peak, Royal Oak employed over 250 workers on the Colomac site. Production statistics are presented in Table 1.
Table 1. Colomac Production History
| Year | Ounces Produced | Tonnes Milled | Head Grade (g/tonne) | Recovery | Cash Cost/oz (US$) | Average Gold Price (US$) |
| 1990 | 64,500 | 1,040,000 | 1.89 | 90% | 300 | 384 |
| 1991 | 74,100 | 1,131,000 | 2.19 | 94% | NA | 362 |
| 1994 | 40,568 | 985,091 | 1.58 | 87% | NA | 384 |
| 1995 | 117,646 | 2,725,388 | 1.61 | 92% | 383 | 384 |
| 1996 | 122,416 | 3,013,156 | 1.58 | 87% | 370 | 388 |
| 1997 | 108,678 | 2,906,081 | 1.51 | 85% | 354 | 331 |
| Total: | 527,908 | 11,800,716 | 1.66 | 89% | |