From El Morro feasibility;
"Average annual production during the first five years has been projected to be 195,285 mt/year of copper and 353,774 oz/year of gold, with an average annual life-of-mine production over the currently estimated 15-year mine life projected at 157,453 mt/year of copper and 337,255 oz/year of gold, Metallica said." EOQ
As I recall, Galore Creek was anticipating 340,000 oz per year , compared to 353,774 oz for El Morro, both figures are for the first five years of production. For Galore, copper production in the first five years was forecast at 432Mlbs per year. That's comparable, I believe (432M/2240 = 193,000 mt). (I must check)
Yes, here is Galore's forecast:
"Initial five-year estimates at GALORE Creek forecast production to be 432 million pounds of copper, 341,000 ounces gold and 4 million ounces silver. Cash costs are expected to be C$0.67/lb copper and C$150/oz gold."
Too bad stock prices are lower today eh ? lol. |
