Russia bought 1.5% of the world’s annual gold production in one month. This is the largest purchase since 1998.
China also continues to buy gold.
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Abstract from Energy and Capital newsletter.
100% owner of Tucano, Brazil’s third largest gold mine
Tucano operation improving – physical operation going well –
better grade in the second half of 2016
Multi-million ounce gold resource1 with district scale exploration
• Mineral resources 67.2 Mt @ 1.64 g/t for 3.5 Moz1
• Open pit reserves 21.1 Mt @ 1.50 g/t for 1.0 Moz1
• Underground reserves 3.0 Mt @ 3.61 g/t for 345,000 oz1
Robust LOM open pit plan of at least five years, with additional
Experienced Board and management team aiming to grow to
become an intermediate producer
CY2016 production forecast of 145,000-160,000 ounces of gold
CY2016 AISC forecast of between US$715-US$815 per ounce
Read the full report (pdf download)Comments Off on Beadell Gold (ASX: BDR) 100% owner of Tucano, Brazil’s third largest gold mine -update
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Added to our www.australian-shares.com database Brazil focused gold and iron ore project developer http://www.australian-shares.com/mining/CDGComments Off on Cleveland Mining Company Ltd