via Kitco - Sean Boyd

Mr. Boyd says it makes sense to move forward.

"Miners are being hit by higher costs on one hand and falling metals prices on the other, which is why many are cutting output. While prices have been off their September 2011 high for a while, Boyd called the mid-April $200-plus an ounce price plunge in gold “an overreaction” and said he expects gold prices to rebound to at least $1,800 an ounce."

Higher costs for the La Ronge Gold Project are due to processing of lower grade development material and a high rate of stockpiling.

http://www.kitco.com/reports/KitcoNews20130426_agnico.html

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