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: Expected output?

The plan is to increase the mill rate to 1,200 tons per day in early 2009. At an average grade of 5 grams per ton that would mean about 67K ounzes of gold. Let's assume that the 1,200 tpd rate will not be achieved until the end of the 1st quarter, that there will be some down time due to maintenance, that the grade get's slightly worse etc. That means we should still be able to count on at least 50,000 ounces for 2009.

At an average selling price of $900 (likely much higher) that would generate $45m of cash flow and at a production cost of $400 a net profit of $25 million.

That certainly is a good return.

For further details, have a look a Swanmex's message below.

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