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Kinross Gold Corporation Message Board

  • morelandm2000 morelandm2000 Jul 24, 2008 12:11 PM Flag

    Aurelian Update........

     

    It would seem that Aurelian has two projects in the works, I'd only posted details on the first one (Fruta del Norte), the larger of the two.

    There's a second project, Bonza la Penas that has reported reserves of 517,000 oz. gold and 605,000 oz. silver.

    These figures need to be added to the Fruta del Norte reserves of (13.7Moz + 0.517Moz = 14.2Moz gold) and (22.4Moz + 0.605Moz = 23.05Moz silver).

    Using $900 gold and $17 silver, this smaller project adds up to around $57 million, give or take.

    Now let's hope for a positive Equadorian government announcement regarding mining law, or Kinross can pull out for a $42M penalty.

    This topic is deleted.
 
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