Resource News

Reuters reported that production forecasts for Extorre Gold’s (TSE:XG) Cerro Moro gold-silver project have been increased.

Reuters reported that production forecasts for Extorre Gold’s (TSX:XG) Cerro Moro gold-silver project have been increased.

The market news is quoted as saying:

The larger scale will also raise capital expenditures and other costs by 60 percent. Initial capital expenditures will rise to about $209 million, from an earlier projection of $131 million, while Extorre sees capital costs at the site rising to over $50 million, from about $32 million.

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