Detour Gold - A Good Model to Watch
posted on
Sep 11, 2012 01:51PM
Detour Gold Announces Updated Open Pit Mine Production Plan For Its Detour Lake Gold Project in Ontario
A National Instrument 43-101 ("NI 43-101") technical report for the updated mine plan will be filed within 45 days on SEDAR (www.sedar.com) and on the Company's website (www.detourgold.com).
Highlights
-- Proven and probable open pit reserves of 15.6 million ounces contained gold -- Reduced strip ratio (waste to ore) to 3.7:1 -- 21.5 years life of mine (LOM) at mill throughput ranging from 55,000 to 61,000 tpd -- Average annual gold production of approximately 657,000 ounces -- Average LOM cash operating costs of $710/oz and total cash costs of $749/oz -- 2013 gold production forecast between 350,000 and 400,000 ounces -- On schedule to start gold production in Q1 2013
http://www.detourgold.com/investors-centre/News-Releases/news-Release-Details/2012/
Detour-Gold-Announces-Updated-Open-Pit-Mine-Production-Plan-For-Its-Detour-Lake-Gold-
Project-in-Ontario1130843/default.aspx