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Corvus Gold Inc. KOR

Corvus Gold Inc is a Canadian mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in the North Bullfrog Project and the Mother Lode Property in Nevada. Geographically, it has a presence in the United States and Canada. The North Bullfrog project represents a low-sulphidation, epithermal bulk-tonnage gold system based in volcanic and sedimentary rocks. Its Mother Lode project has many federal unpatented...


NDAQ:KOR - Post by User

Comment by JAYDEE16on Sep 21, 2018 8:56am
60 Views
Post# 28662407

RE:RE:RE:RE:RE:Fully loaded cost per ounce of production

RE:RE:RE:RE:RE:Fully loaded cost per ounce of production
Hello CovieNRA ,

This is from the 2015 North Bullfrog PEA,

Total LOM cash operating costs are projected to be US $635 / produced Au oz and LOM capital cost (adjusted for recovery of pre-strip mining, working capital recovery and initial fills recovery) was estimated to be an additional US $206 / produced Au oz.

So the project total capital cost is 206$ and the cost to mine is 635$ . Seems to make sense to me.. I would think that Motherlode would have a lower TOTAL capital cost (If one mill is used for both deposits) but a relatively similar cost per ounce. The only issue that I can see combining the two deposits is if mill at one location that would create a higher hauling cost ...

Anyways good luck
DYODD
Jayd
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