International Tower Hill Mines announced the results of a Feasibility Study for its Livengood Gold Project located near Fairbanks, Alaska. The FS evaluated a 100,000 ton per day project that would produce 8M ounces of gold over 14 years. Using the trailing three year gold price of $1,500 per ounce, the project generates a minimal positive return. The company continues to pursue opportunities as identified in the FS for potential cost reductions as well as scenarios which would require less initial capital expenditure. All dollar figures in this news release are stated in US Dollars.
- Basic Materials Industry