Investment Highlights
- First gold and silver doré pour at Santa Elena announced on September 9, 2010.
- Full scale production of 2,500 tonnes per day is expected to be reached by year’s end. Anticipated output is approximately 35,000 ounces of gold and 600,000 ounces of silver per year.
- Mine life is estimated at 8 years targeting a life of mine cash cost of less than US$375 per ounce of gold equivalent.
- Based on our discussions with management, the company’s current cash position is US$6.1 million and US$2.7 million remains available under the Macquarie project loan agreement.
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