Golden Hope Mines

Golden Hope Mines Limited is a junior mining company trading on the TSX Venture Exchange under the symbol GNH and on the Pink Sheets in the U.S. under the symbol GOLHF.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Low-grade economical mining

Golden Hope Mines

over 13 years ago

Because someone posted earlier that you need a certain grade to do "economical" mining, let me give you an example of the largest, low-cost open-pit mine in Mexico:

Goldcorp´s Penasquito mine:

http://www.goldcorp.com/_resources/project_pdfs/Penq-dec-08-reserves.pdf

They have really large tonnage (1 million tonnes)

with an average grade of 0.456 gpt

for 17.369 M oz. gold !

So grade is NOT the only variable to determine ECONOMICAL mining.

Tonnage, open-pit or by-products can help.

And we are going for: tonnage, tonnage, tonnage.

FANTOMAS