GoldMinerPulse Report on High River Gold Mines Ltd.: (NI) 43-101 Metal Valuation Report

Home Gold List Silver List Index Blogs FAQs Terms Talk Back Map View
million_dollar_hand DriveDream wpt dollar
High River Gold Mines Ltd. (HRG)

Company Web Site: www.hrg.ca

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-06-18. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.

External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse

Recent Production

  • 2009 : Q2: 79,997 ozs gold
  • 2008 : 167,000 oz gold
Source(s): Q2 2009 production figures are from High River Gold Reports Second Quarter 2009 Results.

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilverLeadZinc
    Taparko-BouroumBF$2.9342%52%5%1.70 M oz                   
    PrognozRU$2.77050%50%     102.40 M oz              
    BissaBF$2.67054%46%1.55 M oz                   
    Zun-HolbaRU$0.9439%42%19%547.21 K oz                   
    IrokindaRU$0.6442%44%14%373.65 K oz                   
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / MetalGoldSilverLeadZinc
    Metal Totals4.17 M oz    102.40 M oz              
    Metal Prices in US$ (from 2010-09-02)$1,251.30 per oz    $19.69 per oz    $0.96240 per lb    $0.94810 per lb    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$7.19    $2.77    $0.00    $0.00    
    Percentage of Total Metal Value72.15%    27.85%    0.00%    0.00%    
    PP% | MI% | I%26% | 51% | 23%    0 | 50% | 50%    0 | 0 | 0    0 | 0 | 0    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
    Metal Value per Share (MVpSh)   US$9.96
    Average Ore Value per Tonne   US$129.33
    Metal Value Leverage (MVL)    11.28
    Market Capitalization as % of Metal Value   8.9%
    Recent Stock Price   C$0.93   (TSX/TSXV close on 2010-09-02.)
  Conversion rate used: 1 Cnd$ = 0.949244 US$ )
    Fully Diluted Share Count   726.70 M    ( Fully diluted share count is from High River Gold, Share Structure web page (viewed August 2009). )
    PP% | MI% | I%   19% | 51% | 31%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade   2.531 g/t
    Market Capitalization
    per oz of Gold In Ground
   $153.69   US$  |   161.91   C$
    Gold Eq Oz Estimate   5.79 M oz   ( 4.17 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent
   $110.89   US$  |   116.81   C$
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade   680.6 g/t
    Market Capitalization
    per oz of Silver In Ground
   $6.26   US$  |   6.60   C$
    Silver Eq Oz Estimate   367.67 M oz   ( 102.40 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent
   $1.74   US$  |   1.84   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

OAO Severstal (Severstal) owns 61.7% of High River Gold    -   P. 2 of 33 of the June 30, 2009 MD&A filing.

In the fourth quarter of 2008, OAO Severstal (“Severstal”) acquired indirect ownership of approximately 53% of High River and in Q2 2009 increased its ownership to approximately 57.3%. As of August 14, 2009 Severstal owns approximately 61.7% of High River. 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of High River Gold Mines Ltd. is complete pending a final internal review.


Bissa    -  ^top^

(NI) 43-101 Report:

Title: Mineral Resource Evaluation Bissa Gold Project Burkina Faso
Date: 2009-06-18 (137 pages)

Project Location: , Burkina Faso

Map View: View the Bissa gold project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Measured
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.14    82.06 K oz     3.130 g/t     906.00 K t    
Estimate notes: See Table i: Mineral Resource Statement* for the Bissa Gold Project, Burkina Faso, SRK Consulting, April 23, 2009 on p. 8 of 137 in the NI 43-101 dated June 2009.
Resource quantities adjusted for ownership percentage of 90.0%.
cutOffNotes
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.29    751.38 K oz     1.730 g/t     15.01 M t    
Estimate notes: See Measured notes.
Resource quantities adjusted for ownership percentage of 90.0%.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.24    718.24 K oz     1.400 g/t     17.73 M t    
Estimate notes: See Measured notes.
Resource quantities adjusted for ownership percentage of 90.0%.


Irokinda    -  ^top^

(NI) 43-101 Report:

Title: NI 43-101 TECHNICAL REPORT AND AUDIT OF THE RESOURCE AND RESERVE ESTIMATES FOR THE IROKINDA GOLD MINE REPUBLIC OF BURYATIA (BURYATIA), RUSSIAN FEDERATION
Date: 2008-09-30 (127 pages)

Project Location: Buryatia, Russia

Map View: View the Irokinda gold mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.27    156.54 K oz     11.530 g/t     496.80 K t    
Estimate notes: See Table 1.3, Summary of the Proven and Probable Mineral Reserves at the Irokinda Mine on p. 12 of 127 in the NI 43-101 dated September 2008.
Resource quantities adjusted for ownership percentage of 85.0%.
cutOffNotes
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.29    166.23 K oz     15.360 g/t     396.00 K t    
Estimate notes: See Summary of the Measured and Indicated Mineral Resources at the Irokinda Mine on p. 11 of 127 in the NI 43-101 dated September 2008.
Resource quantities adjusted for ownership percentage of 85.0%.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.09    50.89 K oz     15.390 g/t     121.00 K t    
Estimate notes: See Summary of the Inferred Mineral Resources at the Irokinda Mine on p. 12 of 127 in the NI 43-101 dated September 2008.
Resource quantities adjusted for ownership percentage of 85.0%.


Prognoz    -  ^top^

(NI) 43-101 Report:

Title: NI 43-101 TECHNICAL REPORT AND RESOURCE ESTIMATE ON THE PROGNOZ SILVER PROJECT REPUBLIC OF SAKHA (YAKUTIA), RUSSIAN FEDERATION
Date: 2008-06-27 (215 pages)

Project Location: Yakutia, Russia

Map View: View the Prognoz silver project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$1.38    50.81 M oz     704.000 g/t     4.49 M t    
Estimate notes: See Table 1.1 Mineral Resource Estimate for the Prognoz Property (100 g/t Silver Cut-off) on p. 15 of 215 in the NI 43-101 dated June 2008.
Resource quantities adjusted for ownership percentage of 50.0%.
100 g/t silver cut-off
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$1.40    51.59 M oz     659.000 g/t     4.87 M t    
Estimate notes: See notes for Indicated.
Resource quantities adjusted for ownership percentage of 50.0%.


Taparko-Bouroum    -  ^top^

(NI) 43-101 Report:

Title: Taparko-Bouroum Gold Mine Independent Technical Report Burkina Faso
Date: 2008-03-31 (170 pages)

Project Location: , Burkina Faso

Map View: View the Taparko-Bouroum gold mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.24    719.59 K oz     2.810 g/t     8.85 M t    
Estimate notes: See Table ii: Mineral Reserve Statement*, Taparko-Bouroum Gold Project, SRK Consulting, December 31, 2007. on p. 7 of 170 in the NI 43-101 dated March 2008.
Resource quantities adjusted for ownership percentage of 90.0%.
cutOffNotes
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.27    738.12 K oz     2.730 g/t     9.34 M t    
Estimate notes: See Taparko Project portion of Table i: Mineral Resource Statement*, Taparko and Bouroum Gold Project, Burkina Faso, SRK Consulting, December 31, 2007 on p. 6 of 170 of the NI 43-101 report dated June 2008.
Resource quantities adjusted for ownership percentage of 90.0%.
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.26    152.40 K oz     3.300 g/t     1.60 M t    
Estimate notes: See Bouroum Project portion of Table i: Mineral Resource Statement*, Taparko and Bouroum Gold Project, Burkina Faso, SRK Consulting, December 31, 2007 on p. 6 of 170 of the NI 43-101 report dated June 2008.
Resource quantities adjusted for ownership percentage of 90.0%.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.14    83.77 K oz     2.800 g/t     1.03 M t    
Estimate notes: See noted for Taparko Indicated.
Resource quantities adjusted for ownership percentage of 90.0%.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.01    7.68 K oz     3.540 g/t     75.00 K t    
Estimate notes: See notes for Bouroum Indicated project.
Resource quantities adjusted for ownership percentage of 90.0%.


Zun-Holba    -  ^top^

(NI) 43-101 Report:

Title: NI 43-101 TECHNICAL REPORT AND AUDIT OF THE RESOURCE AND RESERVE ESTIMATES FOR THE ZUN-HOLBA GOLD MINE REPUBLIC OF BURYATIA (BURYATIA), RUSSIAN FEDERATION
Date: 2008-10-10 (153 pages)

Project Location: Buryatia, Russia

Map View: View the Zun-Holba gold mine on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven + Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.37    212.80 K oz     10.800 g/t     721.00 K t    
Estimate notes: See Table 1.3 Summary of the Proven and Probable Mineral Reserves at the Zun-Holba Mine Property on p. 13 of 153 in the NI 43-101 dated October 2008.
Resource quantities adjusted for ownership percentage of 85.0%.
   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.40    232.10 K oz     14.900 g/t     570.00 K t    
Estimate notes: See Table 19.1 Summary of the Measured and Indicated Mineral Resources at the Zun-Holba Mine Property on p. 147 of 153 in the NI 43-101 dated October 2008.
Resource quantities adjusted for ownership percentage of 85.0%.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.18    102.32 K oz     13.000 g/t     288.00 K t    
Estimate notes: See Table 19.2 Summary of the Inferred Mineral Resources at the Zun-Holba Mine Property on p. 147 of 153 in the NI 43-101 dated October 2008.
Resource quantities adjusted for ownership percentage of 85.0%.

double dip bonus play texas holdem Sinatra_Dollar