Sibanye Stillwater (SBSW): A maiden gold mineral reserve of 1.8-mil...

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goldenpolarbear

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goldenpolarbear

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Wednesday, 02/24/2016 10:45:34 PM

Wednesday, February 24, 2016 10:45:34 PM

A maiden gold mineral reserve of 1.8-million ounces had been declared at the Burnstone mine, in Johannesburg, following completion of the detailed feasibility study and the subsequent start of the project development phase.

Gold mineral reserves were declared at R30 000/kg and gold mineral resources at R470 000/kg – a 10% premium. This was substantially lower than the average rand/gold price for the year to date.

http://www.miningweekly.com/article/sibanye-sees-increase-in-gold-and-uranium-reserves-2016-02-24

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