Welcome to the Equinox Gold Hub On AGORACOM
Message: Compare to Osisko...some nice comparisons
Your Vote:
Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
Now bear in mind that they have a 2.4B dollar market cap and are at a more advanced stage. They are open pit, have silver credits but some of the other numbers and background info is strikingly similar!
G.
Osisko, incorporated under the Canada Business Corporations Act, is focused on acquiring, exploring and developing gold properties, with the aim of becoming a mid-tier gold producer. The Company’s activities are currently focused at its flagship Canadian Malartic property located in Northern Québec, Canada. The Company holds 230 km
2
of prospective land in the prolific
gold area located within the Malartic-Cadillac area. Québec is recognized as one of the most advantageous places in the world to conduct mineral activity based on government’s support for the industry, tax regime, political stability, electrical power infrastructure and availability of skilled workforce. The Canadian Malartic Project (the “Project”) is easily accessible by road, being located near highway 117, and is also serviced by a railway. The greater Malartic area produced some 8.7 M ounces of gold during the period from 1935 to 1983.
Canadian Malartic Project
On November 25, 2008, the Company tabled a positive Feasibility Study (the “Study”) for its
100% owned Canadian Malartic Project located in Malartic, Québec. The Study was compiled by
BBA Inc., with the collaboration of MICON International Limited, G Mining Services, Genivar,
Golder Associates and the Osisko Technical Group.
The Study included modeling of an optimized engineered pit using a base case gold price of
US$775 per ounce that resulted in a proven and probable mineral reserve estimate of 6.28
million ounces of gold (183.3 million tonnes @ 1.07 g/t Au based on 0.36 g/t Au cut-off). We are averaging almost 5g/ton
Summary highlights of the Study are shown in the table below (dollar amounts in US):
Proven and Probable Gold reserves (oz) 6,283,000 (we are in this neighbourhood)
Estimated Net Recoverable Gold (oz) 5,397,000
Average Annual Gold Production (oz) 591,000 (we will take time to get this high, if we ever get this high)
Average Annual Silver Production (oz) 754,000
Cash Cost per ounce
- before royalties
- with royalties, net of silver revenues
$320
$319
Total Investment (CAPEX) $789 M
CAPEX per recoverable oz $146
Sustaining Capital $95 M
Closure Costs $45 M
Mine Life 10 years I(our mine life would be longer)
2 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply