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Costs low for Matador's Cape Ray

Company's planned Canadian gold mine has low capex and opex and a short payback period

Kristie Batten
The area surrounding Matador Mining's Cape Ray gold project in Newfoundland

The area surrounding Matador Mining's Cape Ray gold project in Newfoundland

Capital costs for an initial 1.2 million tonne per annum, seven-year operation are estimated at US$102 million, including $6 million for mine development. The operation will produce 504,000 ounces of...

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