AngloGold firms up Corvus Gold acquisition
AngloGold had submitted an offer in July to buy the remaining 80.5% of Corvus for $370 million.
AngloGold had submitted an offer in July to buy the remaining 80.5% of Corvus for $370 million.
The study shows an after-tax internal rate of return (IRR) of 25.4% and net present value (NPV) of $127.9 million.
The company has achieved 97.4% extraction using warm sulfuric acid leach on the TLC claystone mineralization.
Gold made history in 2020 when the price hit a record high in August as pandemic concerns weighed on investor sentiment. Gold mining has been a hallmark of commerce across the ages,…
The company has also commenced mine extension drilling at Mpama North.
The mine financing package would allow the company to maintain its current schedule for first gold production in Q4 2022.
The mining fleet is now fully commissioned, and production is expected to quickly ramp up to its design capacity.
The Cindy target offers potential to add to the company’s leachable resource base and extend mine life.
AngloGold believes the combination the companies’ Nevada assets further consolidates one of the largest new gold districts.
The drilling will follow up on two silver discoveries made in the Bathurst mining district of New Brunswick last year.
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