Lundin Gold's Fruta Del Norte is one of the largest and highest-grade gold jobs presently in manufacturing, and also perhaps there is a 2nd down the road from the first, stated CEO Ron Hochstein.
On Friday Lundin Gold's (TSX: LUG) Hochstein videotaped Kitco Roundtable podcast with correspondent Paul Harris, Mining Audiences Supervisor Michael McCrae and editor Neils Christensen.
Opened in 2015, the 340,000 ounce each year golden goose is seeing some stopes grading 30-40 grams per tonne of gold, claimed Hochstein. The all-in maintaining price is $770 – $830 per ounce. Gotten in 2014, the task featured a huge land bundle, which the business is actively checking out. Hochstein stated there are two drills transforming at a job called Barbasco.
" Steve Leary, that was the expedition supervisor at Aurelian Resources when they found Fruta Del Norte, really feels that the [job] has all the signatures of another Fruta Del Norte, as well as it's simply 7 kilometers away," claimed Hochstein.
The panelists additionally went over document copper prices. On Monday, copper hit all-time high of $10,747.50. Copper has actually remained over $10,000 degree throughout the week. However copper did hideaway and also was down 1.1% for the week. The other news of the week was Filo Mining, which reported 858m at 1.80% copper equivalent and likewise a brand-new state-of-the-art feeder area exploration at Filo Del Sol task in San Juan province, Argentina.
The excellent opening sent the company up 66% for the week to close at $7.57 a share on Friday.
3:22 Rising cost of living and also gold
15:29 Record-high copper rates
16:25 Filo Mining's excellent drill opening
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