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Metanor Resources Nears Commercial Production at Bachelor Lake
Mar. 21, 2013 10:23AM PST
Precious Metals Investing
The Montreal Gazette reported that Metanor Resources has invested $100 million into its Bachelor Lake gold mine, and anticipates annual output of 50,000 to 60,000 ounces.
The Montreal Gazette reported that Metanor Resources has invested $100 million into its Bachelor Lake gold mine, and anticipates annual output of 50,000 to 60,000 ounces.
As quoted in the market report:
Metanor will rapidly become cash flow positive and Bachelor Lake can look toward a mine life of seven to 10 years based on existing reserve estimates, Perry said. The project has been financed by a careful blend of equity and debt.
To view the whole Montreal Gazette report, click here.
