Replies to post #38089 on ~*~Mining and Metals Du Jour~*~

[the cork]

That's only one of the mines. On my way to Dr Apt. I'll find it for you if you don't by the time I get back.

[the cork]

The Galane Corporate Presentation shows Mupane forecast 34,500 ounces and Galaxy producing 26,700 by 2020. That's over 60,000 ounces but I low-balled it to 50,000. http://www.galanegold.com/_resources/presentations/corporate-presentation.pdf

The Midas Letter dated 8-9-19 summarizes;

Mupane in Botswana has been in production since 2005 and is targeting 32,000 ounces this year and going forward. There’s plenty of upside with the recommencement of production at Galaxy in South Africa, as the investments made to refurbish and bring the plant up to date and recommence underground mining are ready to deliver revenues. Concentrate production has started with production of 3,000 ounces targeted for 2019 with the prospect of 26,000 ounces in 2020. That makes potential production in 2020 of over 50,000 ounces of Gold.

https://midasletter.com/2019/08/as-gold-prices-rise-pay-attention-to-galane-gold-ltd-cvegg/