CAPITAL MARKETS

Red Back finalises Chirano BFS

RED Back Mining's long-awaited bankable feasibility study for its Chirano gold project in Ghana has pointed to a development costing up to US$38 million for annual production of 130,000oz per annum at cash costs of US$211/oz.

Michael Quinn

Red Back finalises Chirano BFS

However, both capital and cash costs are expected to reduce from these levels, boosting the undiscounted pre-tax cash flow of US$86 million calculated at a gold price of US$325/oz. Significantly, Red...

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