EC,
could you explain this to a neophyte :-)Newmont Mining Corporation, December 31, 2001-U.S. Units
Pro Forma Gold Reserves
Equity Proven and Probable Gold
Reserves (1)
-------------------------------
Equity Tonnage
Ownership (000 Grade Ounces Metallurgical
(%) tons) (oz/ton) (000) Recovery (%)
--------- --------- -------- ------ -------------
North America
Nevada
Carlin Open Pits 100.0 % 107,402 0.052 5,601 66 %
(100% ownership?)-(107,402 tons of material with .052 oz's of gold per ton?)-(5,601 oz's of ore?)-(66% already recovered?) is my assumption correct?
Twin Creeks 100.0 % 57,443 0.089 5,088 86 %
Lone Tree Complex 100.0 % 29,247 0.065 1,893 75 %
Carlin Underground 100.0 % 11,153 0.56 6,240 93 %
Midas 100.0 % 3,371 0.67 2,250 97 %
Nevada Stockpiles and In-Process 100.0 % 75,378 0.055 4,143 76 %
Phoenix (2) 100.0 % 174,177 0.034 5,991 82 % |
