First gold poured at Bond’s Bullfrog

Construction of the $112-million(US) Bullfrog mine and mill complex began last August and reached completion on July 4 this year.

The July 25 gold pour marks the first anniversary of Bond becoming a publicly listed company on the New York Stock Exchange.

The carbon-in-leach mine is expected to turn out some 200,000 oz of gold at a cost of about $250 per oz during its first year of production. Within three years, output is planned to increase to a rate of 300,000 oz per year. Average cash costs during the first five years are expected to be around $200 per oz, Bond said.

Bullfrog hosts reserves of 14.3 million tons grading 0.11 oz gold per ton and is the third new mine to be commissioned by Bond during fiscal 1989. It follows the Golden Patricia mine in northwestern Ontario and the Richmond Hill mine in South Dakota.

]]>