James, the neighbour Lagunas Norte mine - one of Barrick’s newest and lowest cost gold mines operations -
the Lagunas Norte Gold Mine - is located on the Alto Chicama Gold mine property - in north-central Peru, 140 kilometers east of the coastal city of Trujillo, and 175 kilometers north of Barrick’s Pierina mine -
The property lies on the western flank of the Peruvian Andes and is at an elevation of 4,000 to 4,260 meters above sea level.
In 2006, its first full year of production, Lagunas Norte produced 1.1 million ounces of gold at total cash costs of $100 per ounce, exceeding expectations.
Proven and probable mineral reserves as of December 31, 2006 are estimated at 8.8 million ounces of gold.
the Lagunas Norte has become the ABX new darling - and they will be on a look out for new expansion - of their new lowest cost Gold producer - Imo. Tia.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.