SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: loantech who wrote (2208)11/23/2005 10:18:16 AM
From: E. Charters  Read Replies (1) of 78407
 
KGI never had that many problems. They had the usual start up problems in mining in that there was some dilution inherent in their mining method and for a while they were not pulling grade. I understant they have much of that licked now and grade is on line. The scale of their mining efforts is not at the level where they would be making scads of cash. One of the issues which plagues most companies right now in Canada is availability of miners. They snap up everyone they can but they still cannot get enough.

Right now I am looking at KGI as as a growth-exploration story. They keep coming up with fabulous results on new structures, so exploration-wise it is the best show in Canada. Nobody except Goldcorp could boast those kind of grades in new drilling. (They pulled a few good holes in Val D'Or, but they pulled hundreds at KGI.) KGI will drill off the largest underground mine in the Western Hemisphere and at much shallower depths than Goldcorp did. If it goes to 20 million ounces, as some expect, it will be equal to the Hollinger, but higher grade and the largest mine in the Kl camp. That ain't shabby. Behind the Homestake the Hollinger was the second biggest mine in North America and in the top ten in the world in contained ounces. Hollinger was also probably the highest-grade large mine in the world. Only the fabulous Gold strike in Nevada beat it, but it was in a class by itself. Gold Strike ran at first at 700 Oz gold per ton and quit in 1890 at 50 oz's per ton in difficult conditions.

EC<:-}
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News