Comparable Mines....'TARGET'Cambior’s Rosebel mine in Suriname, South America.
The Rosebel mine is an Open-pit mine with conventional milling circuit and to date is the most important asset of Cambior. The company initiated the construction and development of a 14,000 tonne-per-day (tpd) mine in 2003 at a cost of $95 million that was completed on time and on budget on February 11, 2004. Rosebel today represents the Company's highest producing unit at the lowest mine operating cost.
The Cambior Rosebel Mine Summary
Proven and Probable Mineral Reserves 53 million tonnes at 1.44 g Au/t
Ounces of Gold Contained 2,459,000
2004 Actual Gold Production (11 months) 273,700 oz. at $170 per oz.
2005 Projected Gold Production 320,000 oz. at $193 per oz.
Current Projected Mine Life 8 years
Employees 809
Other Comparable Deposits
Deposit Owner Strip Ratio Tonnes Grade Au/t Cost per ounce
Yanancocha Newmont N/A 377.2 M 1.10 $135
Rosebel Cambior 2.81 53 M 1.44 $193
Pamour Placer/Kinross 3.4:1 36,118,000 M 1.38 $230
Troilus Inmet 1.1:1 33,140,000 M 1.10 $308
Dome Placer/Kinross 4.3:1 21,871,000 M 1.38 $230