BAA/"Two thousand thirteen is a critical year for this company's transition to mid-tier, low-cost gold-producer status, which will result in a step change in the net free cash flow generated from this business," commented Simon Village, president and chief executive officer. "The strategic objective of growing Banro's gold production organically and in a non-dilutive manner is achieved with these forms of funding, which also demonstrates management's commitment to preserve the integrity of the capital structure. In addition, the competitive cost of capital also highlights the confidence that key stakeholders have in our assets and ability to unlock value from the Twangiza-Namoya gold belt." Banro's existing properties (measured from the closing date of the private placement) reaches 800,000 ounces China's asset managers, who have been approved to raise $70 billion for allocation overseas, are seeking additional funds to invest in gold and precious metals as soaring inflation spurs interest in alternative assets as a way to protect wealth. China National Gold targets RMB 100-bln revenue in 2015 China wants domestic gold production to reach 14.5 million ounces by 2015,Sun said the company will accelerate its overseas expansion, including the merges and acquisitions!
PUT Maoling Gold Project in the Liaoning Province in CGG NAME!
and BAA and telling investors athttp://www.pdac.ca/pdac/conv/ Jiama is expected to reach its full capacity of 40,000 tpd of ore.
Jiama's expansion will be financed through project's cash flows and through securing debt facilities from banks in China.
In 2013, Jiama is expected to mine and process 1.8 million tonnes of ore, producing about 26,500,000 pounds of copper, 9,000 ounces of gold, and 800,000 ounces of silver. The stripping ratio is expected to be 3.8.
CSH - 2013 outlook
CSH is building a new 30,000 tpd stand-alone crushing, heap leaching and ADR plant system in addition to the existing 30,000 tpd facility. The new plant will be similar to the existing one but instead of using the C160 jaw crushers, a new gyratory primary crusher will be used.
This expansion construction is expected to be completed in Q4 of 2013. First ore from this new facility is expected to be placed on the leach pad in Q4 of 2013 as well.