{"id":108,"date":"2009-06-25T13:10:24","date_gmt":"2009-06-25T02:10:24","guid":{"rendered":"http:\/\/www.australian-gold.com\/blog\/andean-to-raise-capital-for-very-low-cost-gold-production\/"},"modified":"2009-06-25T13:10:24","modified_gmt":"2009-06-25T02:10:24","slug":"andean-to-raise-capital-for-very-low-cost-gold-production","status":"publish","type":"post","link":"https:\/\/www.australian-gold.com\/blog\/andean-to-raise-capital-for-very-low-cost-gold-production\/","title":{"rendered":"Andean to raise capital for very low cost gold production"},"content":{"rendered":"<p>Gold explorer Andean Resources is expected to announce a capital raising to help develop its flagship Cerro Negro project in Argentina.<\/p>\n<p>Shares in the company have been placed in a trading halt while the company finalises the details.<\/p>\n<p>They last traded for $1.77.<\/p>\n<p>The company has estimated it will cost about $434 million to bring the project into production within three years.<\/p>\n<p>Last year, a pre-feasibility study suggested a low-cost operation producing up to 350,000 ounces of gold a year with cash costs of $US198 per ounce.<\/p>\n<p>Recent upgrades have pushed Cerro Negro\u2019s total resource to 2.6 million ounces of gold and 23.2 million ounces of silver.<\/p>\n<p>STUART McKINNON<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold explorer Andean Resources is expected to announce a capital raising to help develop its flagship Cerro Negro project in Argentina. Shares in the company have been placed in a trading halt while the company finalises the details. They last traded for $1.77. The company has estimated it will cost about $434 million to bring [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6,20,27],"class_list":["post-108","post","type-post","status-publish","format-standard","hentry","category-gold-blog","tag-andean-resources","tag-gold","tag-low-cost-production"],"_links":{"self":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/comments?post=108"}],"version-history":[{"count":0,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/108\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/media?parent=108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/categories?post=108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/tags?post=108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}