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Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (5835)	8/2/2011 6:56:13 PM
From: esquilo	Respond to of 7833

Nice. I would love to see Barrick and Goldcorp duke it out over Metates. A guy can dream can't he?

To: TheSlowLane who wrote (5835)	8/3/2011 7:06:19 AM
From: dara	1 Recommendation Read Replies (1) \| Respond to of 7833

Thanks. I really enjoyed the pictures even though I haven't been following the PV story. Goldcorp mentioned in their recent earnings news release and had this to say: PuebloViejo: Construction of Pueblo Viejo in the Dominican Republic is now more than 70% complete. A major rainfall that occurred in May requires remediation of damage to the partially constructed starter tailings dam facility and as a result, the first production is now anticipated in mid-2012, subject to the receipt of new tailings permit approvals. The unanticipated remediation work and impact on the schedule has resulted in mine construction capital increasing to $3.6–$3.8 billion (100%), or $1.4–$1.5 billion (Goldcorp's 40% share) of which about 75% had been committed at the end of the second quarter. Goldcorp's share of annual gold production in the first full five years of operation is expected to average 415,000–450,000 ounces at total cash costs of between $275 and $300 per ounce. As part of a longer term optimized power solution for Pueblo Viejo, a plan is being advanced to build a dual fueled power plant at an estimated incremental capital cost of about $0.3 billion (100% basis) or $0.12 billion (Goldcorp's 40% share). This is expected to commence operations utilizing heavy fuel oil (HFO) power, having the ability to subsequently convert to cheaper liquid natural gas (LNG). The new plant is expected to provide lower cost and long-term power to the project.