SureTrader
Interactive Brokers Advertisement
Home > Boards > Canadian > Mining/Resources >

Terrane Metals Corp (TSX:TRX)

TSX:TRX RSS Feed
Add TSX:TRX Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 8/6/2010 5:15:02 PM - Followers: 0 - Board type: Free - Posts Today: 0



Web Site
http://www.terranemetals.com/s/Home.asp


Business Focus

Terrane is focused on the future commercial development of the large-scale copper and gold reserve at Mt. Milligan, British Columbia. Mt. Milligan has an open pit reserve of 2.1 billion lb contained copper and 6.0 million oz contained gold. Upon development the project will have an average annual production of 262,100 oz gold and 89 million lb copper for the first six years of a 22.1 year mine life. At Mt. Milligan Terrane has completed a Feasibility Update Study demonstrating economic viability, secured long lead-time capital equipment, and engaged Wardrop Engineering Inc. for engineering and procurement. Terrane has received an Environmental Assessment (EA) Certificate and a Mines Act Permit from the province of British Columbia. The project is in the final stages of the federal EA review and approval is expected in Q4 2009. As a first step towards project financing Terrane shareholders approved a joint venture option agreement with majority shareholder Goldcorp. Goldcorp has guaranteed a credit facility of $40 million and has an 18 month option (expiring Jan. 08, 2010) to convert its equity interest in Terrane into a participating joint venture interest in the Mt. Milligan project.

 

 

 

 

DISCLAIMER: Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein. All information is believed to be accurate and was taken from public sources, or is the opinion(s) of the author(s). (This disclaimer has been reprinted by permission of its author)

SureTrader
Interactive Brokers Advertisement
TSX:TRX
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
SureTrader