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Serabi Plans To Recommence Operations at Palito Gold Mine
Jun. 13, 2012 02:33PM PST
Precious Metals InvestingMining Weekly reported that Serabi Gold (LSE:SRB) said it will restart its Brazil-based Palito gold mine.
Mining Weekly reported that Serabi Gold (LSE:SRB) said it will restart its Brazil-based Palito gold mine.
As quoted in the market news:
The mine is expected to produce about 24 000 oz of gold a year over nine years, at an average cost of $739 a gold-equivalent ounce. This would result in an after-tax net present value of about $72.2-million at a minimum gold price of $1 400/oz.
