Verticalnaya

Technical Reports
Verticalnaya Project Summary

  • Key project indicators for the Verticalnaya mine, per the NI 43-101 compliant technical report dated March 2011, are as follows:

    Initial capital expenditures US $189.4 million
    Net present value @10% US$ 352.1 million
    Internal rate of return 61.1%
    Average cash operating
    cost per saleable tonne    		 US $38.41/tonne
    Pay back period 7 years
    Proven reserves 13,300,000 tonnes
    Probable reserves 11,000,000 tonnes
    Measured resources 57,300,000 tonnes
    Indicated resources 18,900,000  tonnes
    Total resources 76,200,000 tonnes
    Resources are inclusive of Reserves