Post by
likeike on Aug 15, 2021 4:19pm
In Toroparu (gold and copper) we trust
We now have two cornerstone assets in our company, the high grade Segovia project in Colombia, and the Toroparu gold copper project in Guyana. We are currently working with Nordmin to prepare an updated mineral resource estimate for Toroparu that incorporates the high grade intercepts into the geological model. Nordmin is also working on a preliminary economic assessment, outlining our updated capital investment and mine plan to develop Toroparu into another long-life, 200,000 ounce per-year producer. We expect to have the results of Nordmin’s work in September, at which time we can provide a full update on the construction timeline, production profile, and other fundamentals of this project. In light of the renewed focus on green metals, we're evaluating the potential to access the copper resources sooner to enhance our returns. We expect production will commence in early 2022, once we update the draft mining license to incorporate our intention to include underground mining in the operation. Our leadership team recently met with the President of Guyana and other senior government officials, and there was a tremendous support from the Guyanese government for this project.
Comment by
satchmo6 on Aug 15, 2021 5:09pm
there might be enough silver left near Tonapahg, Nevada---to start a mine
Comment by
Ronsnepdutch202 on Aug 16, 2021 4:30am
What about the road to Toroparu, any news on that? A deal with the Chinese? Taken into account the 200k yearly production this company can be a 400-500k producer by the end of 2022 IMO. This will be paid out, soon or later