Mark,
The following reserve estimates are from the 1997 annual report, page 13.
The company doesn't publish updated reserves with their quarterly report,
so this is the most recent information available. These numbers are as
of 31-Dec-1997.
(000's of tonnes)
Reserves Mineable || Mineral |1997
Reserves || Resources |Ore
-------------------++---------------------------------+Milled
Proven & || Measured & |
Probable Possible || Indicated Inferred Total |
Nanisivik 3,460 || 4,485 419 4,904 | 779
El Mochito: 3,089 || 3,833 1,183 5,016 | 594
El Toqui 1,785 1,173 || 2,952 1,027 3,979 | 158
Caribou 5,838 1,969 || 6,176 4,634 10,810 | 323*
Bougrine 2,848 || 2,765 1,258 4,023 | 400&
* Not currently in commercial production
& Planned production for 1998
Given that at the end of 1998 the mineable reserves at El Mochito were
stated as 3,089 tonnes, and the annual production is about 594 tonnes,
it looks like they should still have several years of mineable reserves.
They indicate in their annual report that there is ongoing exploration
work at El Mochito, but they have chosen not to update us on any exploration
in their latest quarterly report.
The annual report provides much more information that I am prepared to
type (notably the grades of the reserves and resources). If you want to know
this type of information, but don't have the report, I suggest that you call
the company, or download a copy from SEDAR.
Regards,
John Sladek |
