EXU 0.00% 17.0¢ explaurum limited

Ramelius have now agreed to buy the Edna May mine from Evolution...

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    Ramelius have now agreed to buy the Edna May mine from Evolution for a total maximum consideration of $90m

    http://www.asx.com.au/asxpdf/20170918/pdf/43mdm9ycg699tf.pdf

    All in sustaining costs of $1,440/ounce Gold resource of 850,000 ounces and gold reserves of 430,000 ounces 70,000 ounces per annum production in FY2017

    These were the figures provided by Evolution at the Diggers and Dealers presentation in August for the mine (Edna May was its worst performing gold mine):-

    Gold Reserves 2016 (Moz)
    (1)
    0.43

    Gold Resources 2016 (Moz)
    (1)
    0.85

    RReserve Grade 2016 (Au g/t) 1.6


    FY17A Au Production (koz)
    70

    FY17 AISC (A$/oz)
    1,440

     FY17 Net Mine Cash flow A$M
    (15)
 
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