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Gold/Mining/Energy : ECHARTERS
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To: E. Charters who wrote (2042)12/17/1997 8:35:00 AM
From: Al Cern  Read Replies (1) of 3744
 
E.,

Can you comment on the Royal Oak mine at Kemmess. They are touting a cost of under $80/oz. for gold. This is after taking out the revenues from copper. The grades are 0.22% cu and 0.018oz./ton au. They plan to run at 50,000 tons/day. What kind of gold recovery can they expect, and is it a problem to extract gold in such small quantities from what basically appears to be a copper operation?

Sincerely,

Al Cern
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