CMM's 2007 Corp presentation ...
centurymining.com
CMM's Web Site
centurymining.com
CMM's 2007 Budgeted Expenditures
---------------------------------
Sigma & Lamaque 2007 Expenditures
---------------------------------
Capital expenditures for the Sigma-Lamaque Complex in 2007 are expected to total
C$3.0 million,
with a further
$8.0 million
estimated for deferred stripping and mine development
exploration in Canada in 2007, the Company has budgeted C$0.5 million, which will focus mainly on the Lamaque Underground Mine.
---------------------------------
Peru 2007 Expenditures
---------------------------------
The Company will continue the exploration program throughout the year to expand on NI 43-101 compliant reserves and resources.
Century has budgeted
C$1.9 million for this program.
Concurrently, Century will make necessary upgrades to the mill at the San Juan Mine in order to restore it to a capacity of 700 tons per day, producing at an annual run rate of 35,000 ounces of gold by December 2007. In order to accomplish this goal, the
Company expects capital expenditures for
the San Juan Mine to total
C$2.0 million in 2007.
Year Gold (oz/yr).......... Cash Cost (US$/oz)
2005 45,158 ................ 415
2006E 77,000 ................ 400
2007E 100,000 ............... 370
2008E 140,000 ............... 360
.
.
.
2007 Planned Production
.
.
.
Sigma 74,000
Lamaque 12,000
Peru 14,000
---------------
100,000
===============
.
.
.
2008 Planned Production
.
.
.
Sigma 75,000
Lamaque 30,000
Peru 35,000
---------------
140,000
===============
centurymining.com
Share Capital
---------------------------
Issued and outstanding 117,859,689
Warrants 17,493,385
Options4,647,500
----------------------------
Fully diluted 140,000,574
===========================
note: A whole bunch of warrants kick in in March
subject to terms I do not recall. |
