Monday, April 27, 2009 4:27:53 PM
Golden Eagle @ Jerrit Canyon
Completed first pour
4000 tons of ore
260 ounces of gold
@ $887 per oz
= $230,750
Jerritt Canyon will process 90,000 ounces by the end of the year (includes the Newmont ore)
2000 ounces per week for the next year
When underground mining resumes by the end of the year, they will be processing 140,000 oz per year
Golden Eagle has a 5 year contract to operate the mill as a sub contractor. Gets 20% management fee above their operating cost for running the mill
Awesome video of a pour last year at
www.yukon-nevadagold.com/i/misc/goldpour/index.html
There's $1,598,043.88 million in those three cones!
WC2
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