Magino gold mine cost per tonne

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August undefined, 2024

WebMagino Gold Project . Preliminary Closure and Rehabilitation Plan . December, 2016 . ... tpd tonne(s) per day . UTM Universal Transverse Mercator . ... and Mines (MNDM) Regulations 240/00 Schedule 2 of the Ontario Mining Act. Per the requirements of Part VII of this Act, a Certified Closure Plan for the Project will be submitted under separate ... WebSince 1 gram equals 0.0321492 troy ounces, the conversion factor is calculated as: 0.0321492 / 34.2857 x 31.103481 = 0.0291652 ( rounded 0.029 ). Thus, when a mining company reports a drill result of 0.145 ounces per tonne, you now know that this equals (0.145 / 0.029 =) 5 grams per tonne.

Argonaut Gold looks to level up - Canadian Mining Journal

WebMay 11, 2024 · During the first quarter of 2024, the Company achieved production of 55,516 GEOs at a cash cost per gold ounce sold of $1,153 and all-in sustaining cost per gold ounce sold ("AISC") of $1,430 ... WebJun 24, 2015 · ownership costs in included in calculating the labour cost per ton and can be obtained by: () ... "Total Mining cost per ton ($/t)" : Base case extraction rate 5Mtpa … sow sheung wan

Argonaut Gold looks to level up - Canadian Mining Journal

WebMar 18, 2016 · The savings made in lower operation costs and lower maintenance costs are noticeable and this saving was also made in the face of a 12.5% increase in wages made when the new plant was started. Buy a Gold Processing Plant. Many of our so-called small gold mines or low grade deposits could well take this simple and inexpensive … WebJun 23, 2024 · The Company has recently completed a detailed review of the estimated cost to completion ("EAC") of its Magino project and, consistent with the Company’s press … WebJul 27, 2024 · Since acquiring the project from Prodigy Gold in 2012, Argonaut has indicated it wouldn't mind entertaining a joint-venture development partner. The initial construction cost was pegged at US$321 million in 2024. A positive feasibility study released in 2024 expects Magino to produce 115,700 ounces of gold over a 17-year mine life. sowshine sinsheim

Argonaut Gold raises serious money for Magino Mine project

FEBRUARY 2024 A LETTER FROM ARGONAUT GOLD

Web• Mining cost per tonne of $1.59. • Processing cost per tonne of $2.78. • Mine G&A cost per tonne of $0.49. • Gold recoveries of 70%. • Waste to ore ratio of 1.74:1. Florida Canyon LOM Sensitivities to Gold Price The Company evaluated the LOM plan’s sensitivity to gold prices ranging from $1,000 to $2,000 per ounce. WebOct 14, 2024 · Highlights from the Magino FS include: A 10,000 tonne per day processing facility; Average annual gold production of 150,000 ounces over the first five years; A 17 … team mystic lidsWebMar 3, 2024 · The Magino property also includes a past-producing underground mine. The company’s stock in Toronto traded at C$1.31 per share, up 4.8% on Tuesday. Argonault’s market value is C$235.799 million. teammystic_us twitter

"Web1939-47: Magino Gold Mines - mine taken over by Magino in September 1939, mine ceased operation February 1939, in 1940 there was 2316 ft underground drilling completed, optioned by Cline Lake Gold Mines in 1942 who completed 4816 ft (13 ddh) of surface drilling on the property. 1972: C. H. McNellan - 6 ddh (2003 ft). " - Magino gold mine cost per tonne

Magino gold mine cost per tonne

WebOperating Cost/Ore Tonne (average) $18.94 Cash Cost (including leasing costs of $78 million) $693 per ounce PROJECT HIGHLIGHTS (FIRST 7 YEARS) Cash Flow … WebDec 1, 2024 · At a gold price of US$1,200 per oz., Magino holds proven and probable reserves of 2.1 million oz. gold in 58.9 million tonnes grading 1.13 g/t gold. Current measured and indicated resources (inclusive of reserves) stand at 4.2 million oz. gold in 144 million tonnes grading 0.91 g/t gold.

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WebOct 15, 2024 · To date, the deposit has an estimated measured and indicated 4.2 million ounces of gold with an average grade of 0.91 grams per tonne, but that will increase as exploration continues. A 2024 feasibility study initially placed a $321-million price tag on … WebJan 21, 2024 · The Magino project initial capital estimate of between C$480 million and C$510 million, of which approximately 40% is covered by a fixed-bid contract with Ausenco Engineering Canada Inc., is considered fully financed through Argonaut's current cash balance and anticipated cash flow from operations assuming a gold price environment at …

WebMay 13, 2024 · Argonaut has a lot riding on Magino as the bulk of its gold production will shift from Mexico to Magino. The planned 10,000-tonne-per-day pit project is forecasted … WebDec 14, 2024 · The previous capex estimate of C$510 million ($397m) was released only one year ago, in October 2024. The company also announced that its founder, president and CEO Pete Dougherty is no longer with...

WebJan 21, 2024 · A 10,000 tonne per day processing facility; Average annual gold production of 150,000 ounces over the first five years; A 17-year mine life; Cash cost of US$669 … WebMay 12, 2024 · The company said that the decrease in GEO production was primarily related to lower gold grades processed at La Colorada and lower recoveries at Florida Canyon due to processing more run-of-mine ore. All-in sustaining costs per gold ounce sold ("AISC") were $1,430 compared to an AISC of $1,318 during the first quarter 2024.

WebMar 18, 2016 · Buy a Gold Processing Plant Many of our so-called small gold mines or low grade deposits could well take this simple and inexpensive flowsheet for an example and …

Webfor its 100% owned Magino gold project (“Magino” or the “Project”) located 40 kilometres ... A 10,000 tonne per day processing facility was selected for the FS in order to significantly reduce the initial capital requirement. This differs from the 30,000 tonne per day project presented in the January 2016 pre-feasibility study (“PFS ... team mystic bandanas for saleWebPRE-PRODUCTION MINING Pre-production mining continues: • Continued reverse circulation (RC) ore control drilling. • DX900 drill rig on site and in production in pit, with a simulator on site for continued training. • Drilling and blasting at the WQCP continues. • Assembly of the WA900 front loader is complete. MOBILIZING TEAMS & CAMPS team mystic blancheWeb150,000 gold ounces during the first five years and an average of 123,000 gold ounces during the 14 years of active mining. Estimated cash costs and all-in sustaining costs … team mzou twitterWebThe Magino Gold Mine is in Ontario, Canada. The Magino Gold Mine is a underground mining operation. Initial production took place in 1988. ... LOW GOLD PRICES:. Location Info. Ontario County / State; Continent Country State County; North ... 1989 127468 metric tons Gold 5.88 grams gold 127468 metric ton ote; 1990 156434 metric tons Gold 5.88 ... sow shin aluminum co. ltd teammzouWebGold 0.80 Grams per Tonne: Magino Gold Mine : 2011: Indicated Mineral Resource: 51633000: NI 43-101 (2011) p. 69: 1,924,200 contained ounces: Gold 1.16 Grams per … team mythic rebornWebMar 31, 2024 · A 2024 feasibility study for Magino outlined a 17-year mine, producing an average of 150,000 oz. of gold in the first five years of operation at all-in sustaining costs of $711 per oz. Magino is ... team mythic csgo