Magino gold mine cost per tonne

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August undefined, 2024

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 … WebThe report envisages a mine life of 19 years and a life of mine all in sustaining cost of US$963 an ounce. Under an environmental assessment, Magino is authorized to permit for up to 35,000 tonnes per day. The current 10,000 tonnes per day project was chosen to manage initial capital costs.

Argonaut Gold Reaffirms Magino’s Estimated Cost to

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. 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 … flexstep stairlift

Argonaut Gold looks to level up - Canadian Mining Journal

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 … 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 … 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... flexstep shoes for women

COST ESTIMATION FOR OPEN PIT MINES: TACKLING COST UNCERTAI…

Magino Gold Mine In Ontario, Canada The Diggings™

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 … http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI42C08SW00005.html flex step shoesWebJan 4, 2024 · Magino will use the planned 10,000 tonne per day processing facility to produce an average 150,000 ounces of gold over the first five years of a 17-year openpit, at all-in sustaining costs of US$711/oz. ... Ontario in January 2024, which will allow for construction to start. The mine property is a past producing underground gold mine … flexsteps wheelchair lift

"Web150,000 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 … " - Magino gold mine cost per tonne

Magino gold mine cost per tonne

Argonaut Gold Announces Major Milestone of Magino Closure

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. 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 ...

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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 … WebJul 27, 2024 · Argonaut Gold has cashed up with $126.5 million to advance its Magino Mine project near Dubreuilville. The Toronto-based miner announced July 23 it closed a …

WebMar 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. http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI42C08SW00005.html

WebJan 21, 2024 · To compare this to other projects of a similar size, Argonaut's ( OTCPK:ARNGF) Magino costs $290~ million to build with just 116,000 ounces of production per annum, and Moneta Porcupine's... WebPRE-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

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.

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 ... chelsea vs man utd fa cup final newsWebOct 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 … chelsea vs man utd recordWebJan 21, 2024 · Jan 21, 2024, 07:00 ET. TORONTO, Jan. 21, 2024 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce that the province of Ontario has filed the ... chelsea vs man utd onlineWebOct 15, 2024 · In addition, assuming a gold price at or above $1,600 per oz., the producer expects at least $142 million in cash flow from its existing operations through to 2024. chelsea vs man u today\u0027s matchWebMar 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 … flex step wheelchair liftWebMagino 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 ... flexstep shoesWebMay 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. flex sterling heights