Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The high-grade gold and silver project is located in the Santa Cruz province of Argentina.An October 2008 positive pre-feasibility study reported that probable reserves were estimated at 7.2 million tones at 6.4 g/t gold and 75 g/t silver for 1.5 million ounces of gold and 17.3 million ounces of silver.
The plan is to mine the Eureka West deposit at a nominal rate of 2,000 tpd using conventional underground mining methods and to mine the Vein Zone deposit at a nominal rate of 2,000 tpd using open pit mining methods…more at Cerro Negro Mine Development
