For thousands of other reports visit RSC's Mineral Intellingence Map
Yamana Gold Inc.
Summary
| Project: | C1 Santa Luz | |
|---|---|---|
| Deposit: | C1 Santa Luz | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 7/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 28-7-2016: Yamana Gold Inc. announces a Resource Estimation report for its C1 Santa Luz deposit at the C1 Santa Luz project. Updated mineral resources and ore reserves for C1 Santa Luz project. TORONTO, ONTARIO, July 28, 2016 ─ YAMANA GOLD INC. (TSX:YRI; | |
| Resources: | (Reserve, P+P): 26.679Mt @ 1.42g/t Au for 1.221Moz Au contained at project | |
| CP/QP: | [Resources]: H Miranda, M Mathisen, S Collins, A Hampton (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | TORONTO, ONTARIO, July 28, 2016 ─ YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) is pleased to announce a positive decision to recommission its C1 Santa Luz project (“C1 Santa Luz”), located in Bahia, Brazil. This decision follows the completion of the financial and technical analyses relating to recommissioning which have been ongoing since the project was placed on care and maintenance in 2014 pending further clarification of technical aspects of C1 Santa Luz. Peter Marrone, Chairman and Chief Executive Officer of Yamana commented as follows: “We are very pleased with the results from the technical effort on recomissioning C1 Santa Luz. The comprehensive geological analysis and metallurgical testwork undertaken has been positive and confirms a significantly larger Mineral Resource and recoveries in line with the preliminary economic assessment completed in 2015. The results support our confidence in C1 Santa Luz’s economic parameters and viability and underpin our decision to move this project into the execution phase. A development schedule is now underway with a plan to be in production in 2018.” The Company worked with Roscoe Postle Associates Inc (“RPA”) with metallurgical analysis and input completed by Ausenco Services Pty Ltd (“Ausenco”) to complete the financial and technical analysis for its Technical Report on the re-start of C1 Santa Luz, which was prepared in accordance with the requirements of National Instrument 43-101. The analysis and Technical Report include capital and operating cost estimates and recovery parameters, which are at a confidence level that supports a new Mineral Reserve and Mineral Resource estimate for the project. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report