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Showing posts with label PEA. Show all posts
Showing posts with label PEA. Show all posts

September 10, 2024

Great Bear keeps on giving…

$KGC Kinross Gold completes Great Bear PEA


Some really spectacular numbers
  • Annual production +500,000 oz.
  • Low CostsImpressive 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:


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MasterMetals

@MasterMetals

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