InvestorsHub Logo
icon url

Jim Bishop

03/23/06 10:58 PM

#3662 RE: stockbum42 #3661

LOL

" The average annual gold production of the Kias Mine since 1996 is estimated to be 7-10 kilograms. This quantity constitutes about 1% of the reported national 1996 gold production (8,480 kilograms) from small-scale gold mines. The Mines and Geosciences Bureau reported that total gold production in 1996 was 14,523 kilograms. Thus, according to published figures, 58% of the Philippine's gold production came from the small-scale mining sector. It is likely, however, that output from small-scale mines is considerably understated in official statistics. Moreover, it is unlikely that a small-scale mining operation as small as the Kias Mine could contribute 1% of the total gold production from small-scale mines."

http://72.14.203.104/search?q=cache:hp5Eec1lRoMJ:www.ngdir.ir/GeoportalInfo/SubjectInfoDetail.asp%3F....