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Golden Band Resources Inc GBRIF

Metals & Mining Gold
Golden Band Resources Inc. is a Canada-based gold producer engaged in exploration, mine development and extraction of gold ores from its properties in the La Ronge Gold Belt in northern Saskatchewan and processing at its Jolu mill. It has assembled a land package in excess of 870 square kilometers (km2) that includes thirteen known gold deposits and four former producing mines, which were Star Lake, Decade, Komis and Jolu. The Company is mining at three deposits to feed the mill. These are Roy Lloyd, Greywacke and Golden Heart. Roy Lloyd mine is an underground mine extracting ore from the Bingo deposit. Golden Heart is located approximately nine kilometers east of the Komis mine and is accessible through a 17-kilometer mine road connecting to Highway 102 just north of Brabant Lake.


GREY:GBRIF - Post by User

Golden Band Resources Inc
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Comment by longtoothon Aug 15, 2012 11:24am
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Post# 20220030

RE: RE: RE: Stockwatcher - Don't look - Claude

RE: RE: RE: Stockwatcher - Don't look - Claude

Fungi, $185.50 cost per tonne for a narrow vein deeper undergound gold mining operation is not bad. There may be room for some improvement but I suspect that at Seabee the mining contractor is a in-house contractor so the money is going from Peter to Paul (as far as I understand it). GB has a independent mining contractor who is in business to make money (a lot of it) so there the money does not stay in "the system".

 

It will be interesting what the cost per tonne at Roy Lloyd will be once that information becomes public as then we can compare mining efficiencies between Seabee and Roy Lloyd and a "in-house" mining contractor vs a independent one.

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