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Gold/Mining/Energy : GEOMAQUE -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (162)5/18/2000 1:54:00 PM
From: Ian McCartney  Read Replies (1) | Respond to of 260
 
Pleased to hear they have surface high grade to get started on, this would enable early cash flow above the average life of mine levels. Overall a strip ratio of 3.4 to 1 was published at feasibility(need to break and haul 3.4 tons of waste rock to get each ton of millfeed).



To: Claude Cormier who wrote (162)5/18/2000 2:19:00 PM
From: ogi  Read Replies (1) | Respond to of 260
 
Claude: As I understand it and I have not gone back over things, Francisco will be shut down this summer after producing 50,000 to 60,000 ozs since January. How much longer the leach pads will produce after that I am not sure but my feeling 9 after talking with GEO at PDAC) was that all would be over in the first quarter of 2001, UNLESS GOLD GETS TO $330. I know remediation costs at Francisco were already accounted for before the recent injection of cash. Regards