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Kinross is a Canadian-based gold mining company with mines and projects in the United States, Brazil, Chile, Ecuador and Russia, employing approximately 5,500 people worldwide. As of August 2010, Kinross is in the process of acquiring Red Back Mining which has mines in Mauritania and Ghana.
The Kinross Gold Corporation website is at www.kinross.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board (KGC) | StockCharts
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Caution: As of the August 3, 2010 update, this report will be adjusted to reflect the expected Red Back take over bid.
Until the August 3, 2010 update runs at approximately 5PM EDT, several Kinross metrics are distorted because of the inclusion of the Red Back Mining merger.
The additional resources Kinross is expected to gain from the purchase of the high-grade Dvoinoye deposit and the
Volorazdelnaya property, both near Kinross's Kupol mine, have not been factored in the Kinross resource and reserve totals.
More details on Dvoinoye and Volorazdelnaya here.
This report assumes the Red Back acquisition is completed as planned. As of the September 24th update, the White Gold project acquired as a result of the Underworld Resources take over is reported as Kinross resource.
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-05-31.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2012-02-03 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$171.11 |
| Average Ore Value per Tonne | US$43.31 |
| Metal Value Leverage (MVL) | 15.26 |
| Market Capitalization as a Percentage of Metal Value | 6.6% |
| Recent Closing Stock Price | C$11.14 [note 1] |
| Fully Diluted Share Count | 1,150.20 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 58% |
| Percentage In Situ Measured + Indicated Resource | 19% |
| Percentage In Situ Inferred Resource | 23% |
| Metric | Value on 2012-02-03 |
|---|---|
| Gold Reserves + Resources | 106.11 M oz |
| Average Gold Ore Grade | 0.7 g/t |
| Market Capitalization per oz of Gold In Situ | US$121.58 ( C$120.75 ) |
| Gold Equivalent Ounces Estimate | 114.03 M oz |
| Market Capitalization per oz of Gold Equivalent | US$113.13 ( C$112.36 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count based on the outstanding shares plus warrants shown at the Share Information webpage (viewed May 2011).
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | Silver | Copper | ||
|---|---|---|---|---|---|
| Total Counts (reserves + resources) | 106.11 M oz | 149.35 M oz | 1.01 M t | ||
| Metal Prices in US$ (from 2012-02-03) | $1,725.90 / oz | $33.63 / oz | $3.89 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $159.22 | $4.37 | $7.52 | ||
| Percentage of Total Metal Value | 93.05% | 2.55% | 4.39% | ||
| Metal Value Percentage Proven + Probable | 57% | 68% | 66% | ||
| Metal Value Percentage Measured + Indicated | 19% | 17% | 11% | ||
| Metal Value Percentage Inferred | 23% | 15% | 23% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | Silver | Copper | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|
| Paracatu | Minas Gerais State, Brazil | $35.55 ( 20.8% ) | US$21.13 | 23.69 M oz | 77% | 16% | 7% | ||
| Tasiast | , Mauritania | $27.40 ( 16.0% ) | US$77.22 | 18.26 M oz | 41% | 11% | 47% | ||
| Cerro Casale | Atacama, Chile | $20.13 ( 11.8% ) | US$48.25 | 8.01 M oz | 20.50 M oz | 1.01 M t | 70% | 10% | 20% |
| Maricunga | Atacama, Chile | $18.73 ( 10.9% ) | US$32.72 | 12.48 M oz | 49% | 28% | 24% | ||
| Fruta del Norte | Zamora-Chinchipe province, Ecuador | $16.81 ( 9.8% ) | US$392.49 | 10.87 M oz | 17.11 M oz | 62% | 6% | 32% | |
| Lobo Marte | , Chile | $15.27 ( 8.9% ) | US$56.48 | 10.18 M oz | 63% | 9% | 28% | ||
| Fort Knox | Alaska, USA | $8.99 ( 5.3% ) | US$24.24 | 5.99 M oz | 60% | 37% | 3% | ||
| Kupol | Chukotka Autonomous Okrug, Russia | $7.08 ( 4.1% ) | US$731.62 | 3.77 M oz | 48.27 M oz | 88% | 0 | 12% | |
| Chirano | Western Region, Ghana | $4.63 ( 2.7% ) | US$131.43 | 3.08 M oz | 0 | 94% | 6% | ||
| La Coipa | Atacama, Chile | $4.57 ( 2.7% ) | US$132.90 | 1.89 M oz | 58.97 M oz | 52% | 29% | 19% | |
| Round Mountain | Nevada, USA | $4.40 ( 2.6% ) | US$34.32 | 2.88 M oz | 2.86 M oz | 47% | 38% | 15% | |
| White Gold | Yukon, Canada | $3.11 ( 1.8% ) | US$128.70 | 2.07 M oz | 0 | 49% | 51% | ||
| Dvoinoye | , Russia | $2.24 ( 1.3% ) | US$1,525.21 | 1.46 M oz | 1.63 M oz | 0 | 72% | 28% | |
| Crixas | State of Goias, Brazil | $1.22 ( 0.7% ) | US$233.14 | 809.84 K oz | 48% | 6% | 45% | ||
| Kettle River | Washington State, USA | $1.00 ( 0.6% ) | US$614.68 | 663.86 K oz | 85% | 0 | 15% |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
Latest NI43-101 Report: Cerro Casale Project Norther Chile 43-101 Technical Report
2010-02-18 (205 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Atacama, Chile. View project on a Google Map.
Average Ore Value (all estimate types): US$48.25
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $8.63 | 5.75 M oz | 0.590 g/t | 1.21 B t |
| Silver | $0.43 | 14.62 M oz | 1.500 g/t | 1.21 B t |
| Copper | $4.97 | 667.09 K t | 2,200.000 g/t | 1.21 B t |
Estimate notes: Rsservess and Resources, 2010 Statement
(viewed February 2011).
Resource quantities adjusted for ownership percentage of 25.0%.
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.20 | 796.60 K oz | 0.410 g/t | 241.73 M t |
| Silver | $0.06 | 2.14 M oz | 1.100 g/t | 241.73 M t |
| Copper | $0.81 | 108.78 K t | 1,800.000 g/t | 241.73 M t |
Estimate notes:
Resource quantities adjusted for ownership percentage of 25.0%.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $2.19 | 1.46 M oz | 0.390 g/t | 464.91 M t |
| Silver | $0.11 | 3.74 M oz | 1.000 g/t | 464.91 M t |
| Copper | $1.73 | 232.46 K t | 2,000.000 g/t | 464.91 M t |
Estimate notes: See Measured + Indicated note.
Resource quantities adjusted for ownership percentage of 25.0%.
In October, 2004, Red Back Mining Inc (Red Back) announced its decision to develop the Chirano Gold Mine, when the Proven and Probable Reserves were estimated to be 17.8Mt grading 1.9 g/t gold, for a total of 1.09 million ounces. The capital cost to develop the Chirano Mine was $73.4 million. First gold was poured at Chirano in October 2005. [Source: NI43-101 Report dated May 14, 2009]
Due to the apparent inconsistencies between various Red Back reports on contained ounces, this report takes the total in situ ounces from Resources/Reserves Summary viewed August 2010. Grades and tonnes are approximated to make the total ounce counts correct. In the August 3, 2010 conference call, Kinross management talked about their expectations for future resource expansions but were unable to provide counts due to 43-101 disclosure restrictions.
Latest NI43-101 Report: TECHNICAL REPORT
ON THE
CHIRANO GOLD MINE,
REPUBLIC OF GHANA
2009-05-14 (136 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Western Region, Ghana. View the Chirano Gold mine on a Google Map.
Average Ore Value (all estimate types): US$131.43
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $4.06 | 2.71 M oz | 2.480 g/t | 33.96 M t |
Estimate notes:
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.29 | 190.48 K oz | 1.460 g/t | 4.51 M t |
Estimate notes:
Resource quantities adjusted for ownership percentage of 90.0%.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.28 | 184.88 K oz | 2.330 g/t | 2.74 M t |
Estimate notes:
Resource quantities adjusted for ownership percentage of 90.0%.
Latest NI43-101 Report: Independent Technical Report for Crixas Mine, Brazil Report No. 3CK005.02 April 2003
2003-04 (80 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: State of Goias, Brazil. View project on a Google Map.
Average Ore Value (all estimate types): US$233.14
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.59 | 391.59 K oz | 3.710 g/t | 6.57 M t |
Estimate notes: Rsservess and Resources, 2010 Statement
(viewed February 2011).
Resource quantities adjusted for ownership percentage of 50.0%.
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.08 | 52.05 K oz | 3.730 g/t | 868.00 K t |
Estimate notes: See Proven + Probable note.
Resource quantities adjusted for ownership percentage of 50.0%.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.55 | 366.20 K oz | 5.000 g/t | 4.56 M t |
Estimate notes: See Proven + Probable note.
Resource quantities adjusted for ownership percentage of 50.0%.
cutOffNotes
Latest NI43-101 Report: cutAndPasteExactTitleOfTheReportHere
(0 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: , Russia.
Average Ore Value (all estimate types): US$1,525.21
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.59 | 1.06 M oz | 31.480 g/t | 1.05 M t |
| Silver | $0.04 | 1.20 M oz | 35.700 g/t | 1.05 M t |
Estimate notes: Rsservess and Resources, 2010 Statement (viewed February 2011).
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.61 | 403.75 K oz | 19.470 g/t | 645.00 K t |
| Silver | $0.01 | 431.33 K oz | 20.800 g/t | 645.00 K t |
Estimate notes:
cutOffNotes
Latest NI43-101 Report: Technical Report for the Fort Knox Mine Prepared for Kinross Gold Corporation and Fairbanks Gold Mining Incorporated Fairbanks North Star Borough, Alaska, USA
2008-03-31 (79 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Alaska, USA. View project on a Google Map.
Average Ore Value (all estimate types): US$24.24
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $5.38 | 3.59 M oz | 0.440 g/t | 253.43 M t |
Estimate notes: Rsservess and Resources, 2010 Statement (viewed February 2011).
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $3.33 | 2.22 M oz | 0.430 g/t | 160.46 M t |
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.28 | 185.56 K oz | 0.460 g/t | 12.55 M t |
Estimate notes: See p. 53 of 79 in the (NI) 43-101 dated March 2008.
Latest NI43-101 Report: Fruta del Norte Project
Ecuador
NI 43-101 Technical Report
2010-12-31 (166 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Zamora-Chinchipe province, Ecuador. View project on a Google Map.
Average Ore Value (all estimate types): US$392.49
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $10.17 | 6.78 M oz | 8.070 g/t | 26.12 M t |
| Silver | $0.27 | 9.15 M oz | 10.900 g/t | 26.12 M t |
Estimate notes: Rsservess and Resources, 2010 Statement (viewed February 2011).
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.95 | 633.58 K oz | 5.500 g/t | 3.58 M t |
| Silver | $0.04 | 1.23 M oz | 10.700 g/t | 3.58 M t |
Estimate notes: See Proven + Probable note.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $5.19 | 3.46 M oz | 5.500 g/t | 19.55 M t |
| Silver | $0.20 | 6.73 M oz | 10.700 g/t | 19.55 M t |
Estimate notes: See Measured + Indicated note.
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Washington State, USA. View project on a Google Map.
Average Ore Value (all estimate types): US$614.68
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.84 | 561.30 K oz | 11.300 g/t | 1.55 M t |
Estimate notes: Rsservess and Resources, 2010 Statement (viewed February 2011).
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.15 | 102.56 K oz | 10.000 g/t | 319.00 K t |
Estimate notes:
cutOffNotes
Latest NI43-101 Report: Kupol Mine
Russian Federation
NI 43-101 Technical Report
2011-05-09 (147 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Chukotka Autonomous Okrug, Russia. View project on a Google Map.
Average Ore Value (all estimate types): US$731.62
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $4.97 | 3.31 M oz | 10.660 g/t | 9.66 M t |
| Silver | $1.23 | 42.06 M oz | 135.400 g/t | 9.66 M t |
Estimate notes: See Table 1-2: 2010 Year End Proven and Probable Mineral Reserve Estimate on p. 9 of 147 of the May, 2011 technical report.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.70 | 463.78 K oz | 9.860 g/t | 1.46 M t |
| Silver | $0.18 | 6.22 M oz | 132.200 g/t | 1.46 M t |
Latest NI43-101 Report: Technical Report La Coipa Mine, Chile
2003-05-05 (231 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Atacama, Chile. View project on a Google Map.
Average Ore Value (all estimate types): US$132.90
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.40 | 936.09 K oz | 1.340 g/t | 21.73 M t |
| Silver | $0.96 | 32.97 M oz | 47.200 g/t | 21.73 M t |
Estimate notes: Rsservess and Resources, 2010 Statement (viewed February 2011).
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.73 | 485.54 K oz | 1.030 g/t | 14.66 M t |
| Silver | $0.60 | 20.65 M oz | 43.800 g/t | 14.66 M t |
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.71 | 471.91 K oz | 4.700 g/t | 3.12 M t |
| Silver | $0.16 | 5.35 M oz | 53.300 g/t | 3.12 M t |
Estimate notes: See Proven + Probable notes.
Latest NI43-101 Report:
(0 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: , Chile.
Average Ore Value (all estimate types): US$56.48
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $9.67 | 6.44 M oz | 1.220 g/t | 164.24 M t |
Estimate notes: Rsservess and Resources, 2010 Statement (viewed February 2011).
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.36 | 908.68 K oz | 0.830 g/t | 34.05 M t |
Estimate notes: See Proven + Probable note.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $4.24 | 2.83 M oz | 0.780 g/t | 112.77 M t |
Estimate notes: See Proven + Probable note.
Latest NI43-101 Report: Technical Report for the Maricunga Gold Mine (Located in the Maricunga District of Region III, Chile)
2007-12-31 (110 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Atacama, Chile. View project on a Google Map.
Average Ore Value (all estimate types): US$32.72
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $9.11 | 6.07 M oz | 0.700 g/t | 269.80 M t |
Estimate notes: Rsservess and Resources, 2010 Statement (viewed February 2011).
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $5.16 | 3.44 M oz | 0.570 g/t | 187.61 M t |
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $4.46 | 2.97 M oz | 0.460 g/t | 201.09 M t |
Estimate notes: See Proven + Probable note.
Latest NI43-101 Report: Paracatu Mine Technical Report Paracatu, Minas Gerais State, Brazil
2006-07-31 (179 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Minas Gerais State, Brazil. View project on a Google Map.
Average Ore Value (all estimate types): US$21.13
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $27.49 | 18.32 M oz | 0.390 g/t | 1.46 B t |
Estimate notes: Rsservess and Resources, 2010 Statement (viewed February 2011).
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $5.68 | 3.79 M oz | 0.330 g/t | 356.81 M t |
Estimate notes: See 2009 Reserve and Resource Statement.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $2.38 | 1.59 M oz | 0.420 g/t | 117.53 M t |
Estimate notes: See Proven + Probable notes.
cutOffNotes
Latest NI43-101 Report: Round Mountain Mine Technical Report
2006-03-30 (85 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Nevada, USA. View project on a Google Map.
Average Ore Value (all estimate types): US$34.32
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.98 | 1.32 M oz | 0.620 g/t | 132.48 M t |
Estimate notes: Rsservess and Resources, 2010 Statement
(viewed February 2011).
Resource quantities adjusted for ownership percentage of 50.0%.
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $0.07 | 2.55 M oz | 7.200 g/t | 22.04 M t |
Estimate notes: See 2009 Reserve and Resource Statement.
Resource quantities adjusted for ownership percentage of 50.0%.
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.67 | 1.11 M oz | 0.750 g/t | 92.29 M t |
Estimate notes:
Resource quantities adjusted for ownership percentage of 50.0%.
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $0.01 | 302.09 K oz | 7.200 g/t | 2.61 M t |
Estimate notes: See 2009 Reserve and Resource Statement.
Resource quantities adjusted for ownership percentage of 50.0%.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.66 | 442.48 K oz | 0.610 g/t | 45.12 M t |
Estimate notes:
Resource quantities adjusted for ownership percentage of 50.0%.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $0.00 | 9.05 K oz | 2.100 g/t | 268.00 K t |
Estimate notes:
Resource quantities adjusted for ownership percentage of 50.0%.
On August 2, 2007, Red Back Mining Inc (Red Back) completed the acquisition from Lundin Mining Corporation of a 100% interest in the Tasiast gold project located in Mauritania, West Africa. The Tasiast Permit Area is located in north-western Mauritania, approximately 300 km north of the capital Nouakchott and 250 km southeast of the major city of Nouâdhibou. The Tasiast deposit lies within an extensive gold system that is largely under-explored. The deposit is open along strike and at depth. Tasiast is the first mine in the highly prospective 70 kilometre long by 15 kilometre wide north-south trending Archaaen age Aoueouat greenstone belt, [Source: NI43-101 Report dated May, 2009]
Latest NI43-101 Report: Tasiast Project
Mauritania
NI 43-101 Technical Report
2010-12-31 (133 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: , Mauritania. View the Tasiast Gold mine on a Google Map.
Average Ore Value (all estimate types): US$77.22
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $11.32 | 7.54 M oz | 1.820 g/t | 128.92 M t |
Estimate notes:
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $3.11 | 2.08 M oz | 0.670 g/t | 96.33 M t |
Estimate notes:
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $12.96 | 8.64 M oz | 1.470 g/t | 182.81 M t |
Estimate notes:
Latest NI43-101 Report: White Gold Property
Dawson Range
Yukon, Canada
2010-03-03 (114 pages).
Updates: Rsservess and Resources, 2010 Statement (viewed February 2011).
Project Location: Yukon, Canada. View the White Gold project on a Google Map.
Average Ore Value (all estimate types): US$128.70
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.51 | 1.00 M oz | 3.190 g/t | 9.80 M t |
Estimate notes: Golden Saddle Area open pit in Table 16.11: Mineral Resource Statement*, White Gold Project, Yukon Territory, SRK Consulting (Canada) Inc, January 15, 2010 on p. 80 of 114 in the NI 43-101 dated March 2010.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.46 | 307.44 K oz | 2.330 g/t | 4.10 M t |
Estimate notes: Golden Saddle area, open pit -- see Indicated note.
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.02 | 13.71 K oz | 3.230 g/t | 132.00 K t |
Estimate notes: Golden Saddle area, underground -- see Indicated note.
Cut-off grade of 2.0 g/t.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.87 | 576.68 K oz | 1.910 g/t | 9.39 M t |
Estimate notes: Golden Saddle area, underground -- see Indicated note.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.26 | 169.96 K oz | 1.210 g/t | 4.37 M t |
Estimate notes: Arc area, open pit -- see Indicated note.
0.5 g/t cut-off grade.
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