Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.

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Core Gold > unasked question annual meeting

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Comment by highperon Jul 15, 2018 3:41pm

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Post# 28318399

RE:RE:RE:unasked question annual meeting

for comparitive purposes....

Fruta del Norte
https://lundingold.mwnewsroom.com/press-releases/lundin-gold-announces-a-positive-feasibility-study-for-the-fruta-del-norte-proje-tsx-lug-201606061057942001

Feasibility Study Highlights

Mineral Reserves totaling 4.82 million ounces of gold and 6.34 million ounces of silver (15.5 million tonnes at 9.67 g/t Au and 12.7 g/t Ag);
Average annual gold production of 340,000 ounces at an average life of mine ("LOM") total cash cost of $553/oz and a LOM all-in sustaining cash cost ("AISC") of $623/oz, placing FDN in the lowest cash cost quartile globally;
LOM production of approximately 4.4 million ounces of gold and 5.2 million ounces of silver over an initial 13-year mine life using an average gold recovery of 91.7% and average silver recovery of 81.5%;
Estimated Project capital cost, including contingency, of $669 million, net of taxes;
Targeted start of construction in mid-2017;
Expected first gold production in first quarter 2020 with first year of full production in 2021;
Project economics at a gold price of $1,250/ounce and a silver price of $20/ounce resulted in the following: