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Posted On: 06/12/2017 12:26:26 PM
Post# of 15443
$PGLC / $T.PGLC Open in three directions...
"The Relief Canyon deposit remains open in three directions, presenting the opportunity for continued expansion and extension of this mine," he added.
Initial capital spend is put at $23.6mln - up from $12.2mln in the preliminary economic assessment (PEA), while the all in sustaining costs (AISC) are stated as $802 per ounce ($804 per ounce in the PEA).
The life of mine is 5.6 years, down a tad from 5.8 years in the PEA, but average production over that time is put at 93,900 ounces, compared to 88,500 ounces in the earlier PEA.
"The company will be reviewing various options to cover future capital needs, including debt, royalty or stream financing, gold off-take agreements, investment from strategic investors, or combinations of those approaches," added Alfers.
http://www.proactiveinvestors.com/companies/news/178786
"The Relief Canyon deposit remains open in three directions, presenting the opportunity for continued expansion and extension of this mine," he added.
Initial capital spend is put at $23.6mln - up from $12.2mln in the preliminary economic assessment (PEA), while the all in sustaining costs (AISC) are stated as $802 per ounce ($804 per ounce in the PEA).
The life of mine is 5.6 years, down a tad from 5.8 years in the PEA, but average production over that time is put at 93,900 ounces, compared to 88,500 ounces in the earlier PEA.
"The company will be reviewing various options to cover future capital needs, including debt, royalty or stream financing, gold off-take agreements, investment from strategic investors, or combinations of those approaches," added Alfers.
http://www.proactiveinvestors.com/companies/news/178786
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