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Oroya's Mt Gibson to remain idle

SHARES in Oroya Mining crashed more than 40% on news it will not resume mining at its Mt Gibson gold project after a feasibility study indicated higher mining costs and a $10 million refurbishment of the plant could not be justified based on current resources.

Rebecca Keenan
Oroya's Mt Gibson to remain idle

However, Oroya said it was not the end of the project and will now undertake further exploration and continue to evaluate the resource base. Mt Gibson contains 11.5 million tonnes grading 2.26gpt for...

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