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Bloomberg reported that Hana Mining’s (TSXV:HMG) share price fell after a preliminary economic assessment on its Botswana silver project revealed high operating costs.
Bloomberg reported that Hana Mining’s (TSXV:HMG) share price fell after a preliminary economic assessment on its Botswana silver project revealed high operating costs.
As quoted in the market news:
The company published a preliminary economic assessment and updated mineral resource for the Banana Zone and Zone 5 at its Ghanzi copper and silver project after the close of regular trading yesterday. The operation may cost an initial $300.5 million, including pre-production costs, and produce an average of 66.4 million pounds (30,119 metric tons) of copper and 878,000 ounces of silver a year.