RE:Again on Detour acquisition.....Just for Goldcross and what I'm thinking of the acquisition and the huge potential of Detour and show that KL to be the biggest gold company in Canada.
Worth noting: Operating in a safe , secure and friendly environnement !
Not Ecuador like Lunding Gold or Torex in Mexico where you may have a ''blokage'''any days .
bossu wrote: Comments from Tony las Tuesday
«Looking at Detour Lake, we are extremely pleased with our acquisition of the mine on Jan. 31, 2020, which was clearly a case of the right deal at the right time. Detour Lake is a tremendous asset with substantial upside that is already making a significant contribution to our operating and financial results. In 2021, the mine is poised for strong production growth and improved unit costs, with there being considerable potential for additional growth as we continue to have success with our extensive exploration program.»
-Substantial Upside:
.,,,,,.Ore milled Grade Total
Q3 5 898 000 0,81 140 067
Q4 5 829 000.......0,89 153 143
The total reserves grade is around 0,98
Q1 5 800 000............0,96 166 219
Q2.............................................166 219
Q3........................................... 166 219
Q4 6 670 000 (+15%) 0,96 712 101 oz
Total
Assuming a gold price average at $ 1825
...............................AISC................$ .875
.................................................Total $ 950x 712 101= $ 676 M cashflow !
Just to demonstrate that the Detour acquisition by KL was excellent an
not to forget the l ore potential to be added to the current 75 % reserves known at the moment !