CAPITAL MARKETS

Turmalina numbers emerge

CANADIAN outfit Jaguar Mining has completed a feasibility study at its Turmalina gold project in Brazil that indicates a capital cost of $US19.2 million. However its halved its gold production forecast for 2005 to 25,000 ounces due to plant delays elsewhere.

Ben Sharples
Turmalina numbers emerge

The Turmalina project currently has mineral reserves of 1.9 million tonnes at 6 grams per tonne of gold for 370,000 ounces, with a mine life of 5.5 years. Jaguar is eyeing production of 60,500ozs per annum,...

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