Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek Radio Nugget: Harry S. Dent Jr. and Chris Waltzek
By: radio.GoldSeek.com

Calm Before The Storm
By: Peter Schiff

Anecdotes and Reminiscences
By: Hugo Salinas Price

How High Can The Metals Continue To Push?
By: Avi Gilburt

Gold Seeker Closing Report: Gold and Silver Gain Roughly 1%
By: Chris Mullen, Gold Seeker Report

Gold/Silver vs. Bitcoin Comparisons: A No-Brainer... or Brainless?
By: David Smith

Ira Epstein's Metals Video 10 19 2017
By: Ira Epstein

Warning: The Stock Market Rally is on VERY Thin Ice
By: Graham Summers

GoldSeek Radio Nugget: Peter Grandich and Chris Waltzek
By: radio.GoldSeek.com

Getting Your Feet Wet In Cryptos
By: Avi Gilburt with Ryan Wilday

 
Search

GoldSeek Web

 
Northern Vertex Continues To Improve Mine Efficiencies Ahead of Q4 Gold Production


 -- Published: Friday, 28 July 2017 | Print  | Disqus 

By: Kevin Moe, Resource Review

 

Vancouver- Northern Vertex Mining Corp reports a new updated mine optimization plan is slated to further improve the economics and the environmental footprint of its soon to be operational Moss Mine Gold-Silver project in NW Arizona.

                                                          

Highlights of the updated Mine Optimization Plan, designed to further enhance the projectís already robust economic model and to reduce emissions at the Moss Mine, includes the upcoming construction of a power line to the mine site as well as the contracted sale and distribution of aggregates derived from mine waste rock.

 

The plan will result in improved infrastructure and profits from the sale of waste rock. It is also expected to boost the mineís after-tax IRR from its current 48%; providing significant operational savings over a five year period.

 

Scheduled to enter commercial gold production in Q4 of this year, the proposed open-pit, heap leach operation is expected to generate 42,000 ounces in annual gold Eqv. production, with a three-phase mine life. The Moss mine is projected to be a high margin, low-cost producer, with all-in sustaining costs of US$662/oz gold and an after-tax IRR of 48% (based on $1,250/oz gold and $20/oz silver).

 

The updated mine optimization plan follows a series of key events that have allowed Northern Vertex to fast track the mineís commercial development.

 

Among the milestones, the company recently received its final State mining Permits, which led to the ramp-up of the construction and earthworks phase that is now in progress for the new open-pit, heap leach operation.

 

Late last month, Northern Vertex announced a further $20m equity financing, which will allow the company to meet all its capital requirements, estimated at US$33m to fund the Moss mine to commercial production. The financing also includes a new U.S. gold consolidation strategy aimed at further spurring future gold growth.

 

In other developments, the company recently secured the sale of the mineís main crushing plant and released positive details of a water study conducted by the U.S. firm Golder Associates that confirms there will be more than adequate groundwater resources to support upcoming mining operations.

 

Supported by low all-in sustaining costs and a mine payback in 2.4 years, the Moss Mine is expected to emerge as one of regionís lowest cost producers. Once in production, the mine is expected to have a positive economic impact on the local area, employing over 100 workers from the surrounding Mohave County region.

 

 - Kevin Moe, Resource Review

 

Disclaimer: Resource Review is an information service that features mining and resource companies from around the world. Content contained within is believed to be sourced from reliable information but is not guaranteed for its accuracy. This article does not purport to be an offer to buy or sell securities. Investors should conduct their own due diligence prior to purchasing any security. Please note: From time to time, Resource Review or its employees may purchase securities in companies featured and was compensated for advertising on its site on behalf of Northern Vertex. This document may contain forward-looking statements.


| Digg This Article
 -- Published: Friday, 28 July 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.