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MEI Online: Commodities: Metallic Ores: Gold: Latest News: March 11th 2008

 
 

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:: First Gold Pour At Youga

Etruscan Resources announced that the greatly anticipated first gold was poured at its Youga mine in Burkina Faso. Youga continues to progress down the commissioning path with commercial production expected in April. Etruscan expects the Youga mine to produce between 60,000 and 70,000oz of gold in 2008, increasing to 100,000ozs in 2009. We are currently projecting commercial gold production of 40,000oz in 2008 and 90,000oz in 2009. Cash costs are expected to be $490/oz in 2008 as the operation ramps up to full production. Once Youga is operating at full capacity and is connected to the Ghanaian power grid we would expect cash costs to decline.

 

 

   

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