Teuton Resources Corp V.TUO

Newmont Cashes Up

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Zijin Mining buys Newmont’s Ghana gold project for $1 billion

[stockzorg]

The mine in Ghana bought by Zijin, Akyem,  is an operating mine since 2013 and produces 422k oz. Au annually. Reserves are 3.2 million oz. Au. P/P is 1.46 million oz. at 1.13 g/t M&I plus Inferred is 1.7 million oz. at about 3.5 g/t Purchase price is about $316/oz. No other metals are reported for this mine by Nesmont.

[highper]

one would have to factor out the cost of the mining equipment and the mill from your calculation. Based on my memory one of newmont's ghana mines had an underground component as well... Newmont also had to leave value on the table for zijin.