Latest Mdm Group Inc (MDDM) Headlines GoGold'
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Posted On: 03/10/2014 1:03:16 PM
Latest Mdm Group Inc (MDDM) Headlines
GoGold's Parral Pre-Feasibility Study Shows Reserves of 35 Million Ounces Silver Equivalent and a Pre-tax IRR of 80%
CNW Group - Thu Feb 21, 10:12AM CST
GoGold Resources Inc. (TSX: GGD), is pleased to announce the completion of a Pre-Feasibility Study on its Parral Tailings project in Chihuahua State, Mexico which defines a reserve of 35 million Silver Equivalent Ounces and a pre-tax internal rate of return ("IRR") of 80%. The study projects an initial capital cost of $35 million and a life of mine ("LOM") of 12 years with an average annual production of 1.8 million Silver Equivalent Ounces* (1.2 million ounces of silver and 11,000 ounces of gold). The mine production is planned at 5,000 tonnes per day ("tpd") on a conventional heap leach with a sustaining capital of $27.5 million over LOM. The Pre-Feasibility Study on the Parral Tailings Project in Chihuahua, Mexico was prepared by The MDM Group of South Africa, in accordance with the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects". ("NI 43-101")
GoGold's Parral Pre-Feasibility Study Shows Reserves of 35 Million Ounces Silver Equivalent and a Pre-tax IRR of 80%
CNW Group - Thu Feb 21, 10:12AM CST
GoGold Resources Inc. (TSX: GGD), is pleased to announce the completion of a Pre-Feasibility Study on its Parral Tailings project in Chihuahua State, Mexico which defines a reserve of 35 million Silver Equivalent Ounces and a pre-tax internal rate of return ("IRR") of 80%. The study projects an initial capital cost of $35 million and a life of mine ("LOM") of 12 years with an average annual production of 1.8 million Silver Equivalent Ounces* (1.2 million ounces of silver and 11,000 ounces of gold). The mine production is planned at 5,000 tonnes per day ("tpd") on a conventional heap leach with a sustaining capital of $27.5 million over LOM. The Pre-Feasibility Study on the Parral Tailings Project in Chihuahua, Mexico was prepared by The MDM Group of South Africa, in accordance with the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects". ("NI 43-101")
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