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Message: Cash Costs at Casa Berardi

Cash Costs at Casa Berardi

posted on Jan 13, 2008 08:19PM

 

 This was taken from the northern Miner.....

Found the cash costs at Casa Berardi interesting....not sure how these would equate to ARU's FDN deposit... 

 

"The Vancouver-based junior estimates this year Casa Berardi will produce 160,000- 170,000 oz. gold at an average grade of 8.6 grams gold per tonne.

Average daily production in 2008 at the mine, 95 km north of the town of La Sarre in the Abitibi region of northwestern Quebec, will rise to 1,800 tonnes per day, a 20% year-on-year increase.

Aurizon will spend about $10.2 million on Casa Berardi this year – including $6.1 million on underground development and infrastructure, and $4.1 million on about 45,000 metres of surface and underground drilling.

This year total cash costs are forecast to rise to US$394 per oz., assuming a stronger Canadian dollar and slightly lower grades. Last year total cash costs per oz. gold sold were US$282 in the third quarter and US$298 in the second quarter."

 

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