Loncor Gold Inc T.LN

Alternate Symbol(s): LONCF

Metals & Mining Gold

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.

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Loncor Gold Inc > AISC vs AIC

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Post by JPGOLDon Feb 16, 2022 9:16pm

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Post# 34436403

AISC vs AIC

I looked into your claim AISC are not relevant. Newmont, Barrick, Agnico, Newcrest, Goldfields, Anglogold, Iamgold and others all utilize AISC as a measure to determine profitability. For example, in 2021, the Barrick/Angogold Kibali mine in the DRC produced gold at a AISC of $ 818 per oz. You highlight one company, Kinross, that employs both AISC and AIC.

I would be curious to hear your explanantion as to why the largest gold companies in the world do not follow the Kinross model?

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