Over the initial ten-and-a-half years life-of-mine (LoM), Dalradian expects to produce 1.36-million ounces of gold and 380 000 oz silver, using an average overall gold recovery of 94.3%. The feasibility study is based on proven and probable reserves of 1.44-million ounces of gold and 660 000 oz of silver. It plans to submit this assessment later this year.Ī 2016 feasibility study for Curraghinalt calculated an after-tax net present value (NPV), at a 5% discount rate, of $301-million, and an internal rate of return (IRR) of 24.4% at an assumed gold price of $1 250/oz. The Company also owns 11 million shares of Minco Silver Corporation. It also indirectly holds about a 26% shareholding in TSX-V-listed Xtierra, which holds mineral properties in Mexico.ĭalradian president and CEO Patrick Anderson hailed the agreement with Minco as a “great win” for his company’s shareholders.ĭalradian is in the process of completing an environmental and social impact assessment in support of a planning application to build a mine at the Curraghinalt deposit. Minco Gold Corporation (TSX:MMM) (NYSEMKT:MGH) (FRANKFURT:MI5) is a Canadian company involved in the acquisition and development of high-grade, advanced stage gold properties. Its primary assets are located in Canada, the UK and Ireland.
In addition, by receiving the Buchans shares pursuant to the demerger, Minco shareholders will also retain their interest in all of Minco's existing assets, other than the royalty," Kearney explained.īuchans is a Canadian registered company, which holds directly or indirectly all of the assets of Minco other than the royalty. “The structure of the offer allows Minco shareholders to realise the value of the royalty, with the opportunity to participate directly in the Curraghinalt gold project as Dalradian continues the exploration and development of the deposit, which in the view of the Minco board, has not heretofore been reflected in Minco's share price.
0 kommentar(er)
