Capital Gold companies (Capital Gold) invested $ 17.8 million to start construction of the mine, mine ore production capacity of 7500 tons / day. It is expected to be put into operation in the fourth quarter of 2006, with an annual output of 44,400 ounces of gold, 55,000 ounces of silver , and a cash production cost of $259 per ounce. The mine is mined in an open-air manner and is wet smelted. The ore reserves/resources are 15.17 million tons, the average grade is 0.79 g/ton, and the mine life is expected to be 5.2 years. Capital Gold has a 95% stake and Grupo Minero has a 5% stake. (Source: Resource Network)
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