at a gold price of us$1000 per ounce the value of the gold in the block of ore is just under $96 ($1000/31 x 3 or $1000 per ounce/ 31 grams (troy ounce) x 3 grams of gold) simply put, if it were to cost more than $96 to mine, treat, and extract the gold from that tonne of ore…
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condor gold has announced that it has entered into an agreement to purchase a complete new semiautogenenuous mill (sag mill) package from first majestic silver corp. the purchase consideration is approximately us$6.5 million, including us$3 million payable in shares of the company (the consideration shares).
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gold production declined and many gold mines closed during world war i (1914-1918) due to a shortage of manpower, decreasing ore reserves, and increasing costs. during the depression in the early 1930s, gold mines were brought back to life and prospectors thoroughly searched the known and little-known gold-producing areas.
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