Each one in plain English, with the numbers worked through for a shareholder.
1 July 2021resource reserve update▲ GoodMajor
Nomad voluntarily filed an updated technical report on the Blyvoor gold mine in South Africa, where it holds a gold stream. The report shows a 22-year mine life, 5.50 million oz in reserves, and an average 242,000 oz of gold a year. It puts life-of-mine all-in sustaining cost at US$570/oz, and the filing gives 5.32 million oz of payable gold production. Nomad's stream is 10% of the first 160,000 oz a year and 5% above that, and Nomad pays $572 per ounce delivered. Nomad says the mill is expected to reach 20,000 tonnes a month by the end of 2021, and that no further disruption has occurred since a union blockade ended in late April 2021. These are forward-looking estimates from the report and the company, not results yet delivered.
Barrick reported Q3 2018 progress on Robertson: the Stage II budget for mine planning and pre-feasibility work was approved, and a 2018 core drilling program (27,000 feet planned) began in mid-August. The pre-feasibility study is described as on schedule and budget. The release also restates the royalty terms, a sliding scale from 1% to 2.25% depending on the quarterly average gold price, with Barrick holding a right of first refusal if Coral sells the royalty.
Barrick reported Q2 2018 work on Robertson: the 2017 drilling review and metallurgical work were completed, the BLM approved the 2018 drilling plan, and 44 core holes are scheduled for Q3 and Q4 2018. Coral also granted 1,345,000 stock options at $0.38 per share, exercisable up to five years.
Barrick reported its Q1 2018 work on Robertson, where Coral holds the royalty: a Phase 1 drilling program finished in December 2017, with about 90% of analytical results complete and a resource model update pending. Coral also plans exploration on its nearby Norma-Sass, JDN and Eagle properties starting August 2018.
Coral Gold Resources (the company's name at this time) filed a Preliminary Economic Assessment of its Robertson Property in Lander County, Nevada, dated January 15, 2012 and prepared by Beacon Hill Consultants with other engineering firms. The filing text provided is cut off after the table of contents, so no results (resources, costs, returns) can be stated here.
