Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the selection of G Mining Services ("GMS") as its partner in the formation of the integrated project management team ("IPMT") for construction of its 100%-owned McIlvenna Bay Complex (the "Project") in Saskatchewan.
G Mining Ventures Announces Formal Construction Decision for Tocantinzinho Gold Project and Provides Project Development Update phoenixherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixherald.com Daily Mail and Mail on Sunday newspapers.
Bluestone Resources Inc.: Bluestone Increases NPV of Cerro Blanco by over 275% to $907 Million and Peak Gold Production to over 300 koz per Year
7.5:1
0.78:1
277,000 ounces
231,000 ounces
Mine life
G&A - $2.28/tonne milled
Total operating costs
$570/oz Au
$642/oz Au
$173 M
$272 M per year (years 1-4)
Total production after-tax free cash flow
$2.0 B
IRR (after-tax)
28.5% (base case), 36% ($1,800/oz gold) all in sustaining cash costs (net credits) = (operating costs + offsite costs + royalties + sustaining and closure capital - value of payable silver ounces) / payable gold ounces
Table 2 - Economic Sensitivities, Leverage to Gold Price
Gold price ($/oz)
Permitting and Environmental Baseline Data
Bluestone continues to advance the Cerro Blanco Project application through the national processes, which is well understood and defined. The Company is supported by a reputable in-country expert with extensive experience in permitting natural resource and industrial proje