Inmet Reports Gold Reserve Increase of 41 Percent at Cobre Panama

Inmet Mining Corporation (TSX:IMN) announced increases to gold reserves at their Cobre Panama project.

As quoted in the press release:

The additional mineral reserves from the Balboa, Brazo and Botija Abajo deposits increase Cobre Panama’s total estimated contained copper by 27 percent to approximately 26 billion pounds. Estimated contained gold increases by 41 percent to approximately 7.3 million ounces. The additional mineral reserves have been integrated into a revised mine plan that extends the estimated mine life from 31 to 40 years.

To view the whole press release, click here.