Sulliden Gold Corporation Ltd T.SUE.WT

RE: RE: Sulliden likely on a gold major's shopping

[knowsnothing613]

So I found out the head grade for the Yanacoha property

FY 2009 has been a good year for Minera Yanacocha. Gold productionreached 2.06 MM oz while silver production reported 3.8 MM oz,representing a 13.7% increase in gold and a 7.9% rise in total silverproduction. These encouraging results were largely due to higher goldgrades and a reduction in the waste-to-ore ratio, corollary to thechange of mine plan designed to reduce the tonnage mined fromChaquicocha and stepping up the ore tonnage extracted from La Quinua andYanacocha. The gold mill throughput exceeded all expectations in 2009.It processed 5’660,708 DMT with an average grade of processed ore of0.93 g/t Au and 2.94 g/t Ag with recoveries of 85.4% for gold and 67.4%for silver. Yanacocha reported sales of US$ 2,013 million, US$ 727million net profit and US$ 982 million cash from operations. Yanacochacontinues to work towards starting up the Conga project, a copper-goldporphyry project. Given that it is located east of its currentoperations, Conga could share facilities with other similar projects inthe region. Oxide ore reserves on the other hand, dropped from 13.01 to10.53 million ounces of gold as of year end 2009. This reductionoccurred primarily at Yanacocha (1.49 million ounces) and at La Quinua(1.29 million ounces).

src: https://www.infomine.com/index/properties/YANACOCHA_MINE.html

SUE head grade is half of the Yanacoha mine.