Welcome To The Metanor Resources HUB On AGORACOM

Metanor (MTO-V) is a new Canadian Gold Producer located in Quebec. It reached commercial production on December 1, 2013 and will produce 50,000 oz in calender 2014 with a present all-in cash cost of $1,018US.

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Message: Re: increasing capacity?

Zax
Apr 26, 2008 06:57PM

I think the plan is to go to 750 tons per day later this year (Oct/Nov) and then to 1200 tons per day for all of 2009. This is where the forecast for 65,000 oz of gold for 2009 comes from.

At 1200 tpd and a yield of 5 grams per ton that makes 6000 grams per day or about 188 oz per day. Multiplying this times 340 days gives about 64,000 ozs. Of course, there are a number of variables such as average yield, the number of mill down days over the year etc.

In any case, if the rough projections hold, with an estimated gold price of $900 per oz this gives a projected cash flow of $57,600,000 for next year, or with a mining cost of $320 per ounze, over $37 million net.

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