Description

This is a very rare opportunity to re-start an existing gold mine that was in large-scale production but was shut down when the prices were low.

It was built for an original cost of $146M. To duplicate that today would cost $350M. Even though it has been non-active for some years now nothing has been removed. All of the infra-structure and machinery is all there and still fully functional.

It originally processed 4,000 tons of ore per day. My client seeks a financial backer to acquire and update and start producing gold again ASAP. There is an existing leach pad built that could be initiated very quickly. Plus re-working the tailings could be done without doing any virgin mining. There are enough tails to last a long time.

My client will be bringing in some new technology that will greatly increase the recovery from what the original miners were extracting. These tests have been done already. This will turn this mine into a huge profit center with such enhanced recovery at such a scale of operation.

We are seeking funding of $100M. This could be debt or equity. Please be serious if inquiring. If you have such level of funding available we'd like to talk.

Posted Jun 26, 2014

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