Great Bear PEA suggests multi-decade Kinross gold mine in Ontario
Kinross Gold's Great Bear project could produce 518,000 ounces of gold yearly at $812/ounce, with a $1.9 billion net present value, starting in 2029.
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Requirements: - Acceptance of SBLC (Standby Letter of Credit) - Full payment only upon testing and smelting ore in South Korea - Seller to provide certificates of purity, export, and customs clearance Procedure: - Seller prepares 500kg/AU (21-23K). - Export customs clearance - After import clearance and purity inspection results, importer pays taxes. - Warehousing by Brinks and smelting (99.99%/24K) by Refinery (LS MnM/Korea Zinc). - Buyer pays for smelted gold - LBMA price.
Kinross Gold's Great Bear project could produce 518,000 ounces of gold yearly at $812/ounce, with a $1.9 billion net present value, starting in 2029.
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