HKEX listing gets us back on trackSome old timers here will remember that the 2013 Feasability forecast was that total gold production for the Song Jiagou property was projected to be 2.32 million ounces at an average of 105,645 ounces per year during a mine life of 22 years.
My calculations based on the expansion parameters contained and interpreted from the HKEX listing info is totally consistent with that forecast.
Given that average production since 2013 is only a fraction of 105,000 ounces per year, roughly speaking , we still have at least 17 years or more of very low cost production remaining within currentky defined gold resources .
But, exploration potential remains substantial to say nothing of the higher grade basement gold lodes barely scratched by the 7500 ounce per year underground mine .
Note that these basement source rocks can extend to 1000 m or more while the current UG mine is only at 160 m at just the tip of the basement gold source rock..