$KGC Kinross Gold completes Great Bear PEA
Some really spectacular numbers
- Annual production +500,000 oz.
- Low Costs: Impressive margins with AISC of ~$800/oz, even with a 6.7 strip ratio in the O/P
- Drilling beyond PEA inventory shows high-grade mineralization at depth
Initial Mine Plan:
- Concurrent Mining: The plan includes both open pit and underground mining for the first 8 years, followed by underground mining and stockpile processing from years 8 to 12. This approach offers production flexibility and allows for ongoing u/g exploration.
Open-pit Mining Plan
U/G Mining Plan
- Resource Expansion: Ongoing deep drilling indicates significant potential for expanding the resource and extending the mine's life, with multiple wide, high-grade intercepts found beyond the current resource.
Current Resources:
Mineral resources have been calculated at a gold price of $1,700 and the open pit reflects a $1,400 pit shell. The open pit cutoff grade is 0.55 g/t and the underground cut off grade of is 2.3 g/t for the main LP zone. The $1,400 pit shell has been chosen as this represents the optimal trade-off point at which underground extraction below the pit shows higher potential margins then deepening the open pit.
Exploration Success Continues:
- Extensive Drilling: Kinross has completed over 420 kilometers of drilling
- Deep Drilling: Drilling up to 1,600 meters deep has shown continued high-grade mineralization well below the current PEA inventory, underscoring the asset's potential and Kinross’s view that high-grade mineralization extends at depth, suggesting future resource growth.
See the full news release here:
Kinross Gold completes Great Bear Preliminary Economic Assessment https://www.juniorminingnetwork.com/junior-miner-news/press-releases/879-tsx/k/166841-kinross-completes-great-bear-preliminary-economic-assessment.html
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