• Copper (Cu) Measured and Indicated Mineral Resources increased to 10.2 billion pounds of metal at 0.44% Cu;
  • Copper Proved and Probable Mineral Reserves Increased to 6.2 billion pounds of metal at 0.77% Cu;
  • Production from open-pit and underground operations is expected to produce 6.3 million tonnes and 6 million tonnes (Mt) of run-of-mine (“ROM”) ore per annum respectively;
  • Ramp up to an annual processing capacity of 12.3 Mt of ROM ore, over a 31 year period, producing approximately:
    • 176 million pounds of copper per annum
    • 35 thousand ounces of gold (Au) per annum
    • 2.7 million ounces of silver (Ag) per annum
    • 2.3 thousand tonnes of molybdenum (Mo) per annum


      The Phase II Expansion Project will include the addition of four open pits and one underground mine.

      The four open pits are designed to mine all three types of mineralization, producing approximately 6.3 Mt of ROM ore and removing about 19 Mt of waste rock per annum with a LOM stripping ratio of 3.01.  The underground mine is designed to mine the high grade portion of the skarn type mineralization and will produce approximately 6 Mt of ROM ore per annum The undiscounted, cumulative net cash flow is approximately $3.8 billion. The indicated contribution of Cu, Mo, Au and Ag to gross revenues are 75%, 11%, 7% and 6% respectively.  Zn and Pb account for less than 1% of overall revenue. SOME Mondoro Monnis news in CGG name pls !