{"id":863,"date":"2013-03-22T15:28:48","date_gmt":"2013-03-22T04:28:48","guid":{"rendered":"http:\/\/www.australian-gold.com\/blog\/?p=863"},"modified":"2013-03-22T15:28:48","modified_gmt":"2013-03-22T04:28:48","slug":"beadell-to-produce-gold-at-tucano-for-450-an-ounce-making-it-a-target","status":"publish","type":"post","link":"https:\/\/www.australian-gold.com\/blog\/beadell-to-produce-gold-at-tucano-for-450-an-ounce-making-it-a-target\/","title":{"rendered":"Beadell  to produce gold at Tucano for ~ $450 an ounce making it a target"},"content":{"rendered":"<p><strong>A remote mine in northern Brazil is set to produce gold so cheaply that its Australian owner Beadell Resources Ltd. (BDR) could prove irresistible to a buyer<\/strong>.<\/p>\n<p>Three months after pouring its first gold bar at the Tucano mine in Amapa, Beadell predicts <strong>the mine this year will become Brazil\u2019s third-largest producer of the metal. With the benefits of low taxes and labor expenses, the Perth-based company plans to churn out bullion for 32 percent less than the average cost among peers worldwide, according to data compiled by Bloomberg.<\/strong><\/p>\n<p>The low costs are so appealing that Beadell could fetch 20 percent more than its A$623 million ($650 million) market value in a sale, said Hartleys Ltd. The mine, expected to yield about 200,000 ounces of gold in 2013, may attract bids for Beadell from AngloGold Ashanti Ltd. (ANG) and Kinross Gold Corp. (K), which both have operations in Brazil, according to Ord Minnett Ltd.<\/p>\n<p>Beadell\u2019s production target \u201cattracts the attention of some very, very serious players, when you get into that kind of territory,\u201d James Wilson, an analyst at RBS Morgans Ltd. in Perth, said in a telephone interview. \u201cIt\u2019s a very good target.\u201d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-03-22\/brazil-gold-bar-allure-puts-beadell-in-play-real-m-a.html\">http:\/\/www.bloomberg.com\/news\/2013-03-22\/brazil-gold-bar-allure-puts-beadell-in-play-real-m-a.html<\/a><\/p>\n<p>I hold BDR<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A remote mine in northern Brazil is set to produce gold so cheaply that its Australian owner Beadell Resources Ltd. (BDR) could prove irresistible to a buyer. Three months after pouring its first gold bar at the Tucano mine in Amapa, Beadell predicts the mine this year will become Brazil\u2019s third-largest producer of the metal. [&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":[],"class_list":["post-863","post","type-post","status-publish","format-standard","hentry","category-gold-blog"],"_links":{"self":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/863","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=863"}],"version-history":[{"count":0,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/863\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/media?parent=863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/categories?post=863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/tags?post=863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}