Richmont Announces 2016 Operational Outlook - Seite 4
$2.8 $2.1 Delineation Drilling
$1.4 $1.0 Sustaining Capital
Investment $17.3 $12.7 Project
Capital ($M)(1) CAD$ US$
Accelerated Underground Mine Development $31.0
$22.8 Infrastructure and Equipment
$9.8 $7.1 Delineation Drilling (PEA)
$2.6 $1.9 Total Project Capital
$43.4 $31.8 (1) Accelerated Underground Mine
Development under Project Capital includes $25.0 million
(US$18.3 million) in development related to the PEA and $6.0
million (US$4.4 million) related to discretionary development
outside the scope of the PEA.
- Project capital in 2016 will continue to focus on unlocking the
potential of the Island Gold Mine and is primarily allocated to
accelerated mine development as well as related infrastructure
upgrades and equipment purchases as described in the PEA.
- Approximately 2,500 metres of ore development and 5,300 metres of
waste development is expected to be completed during the year,
including 1,000 metres of discretionary development related to new
resources outside the PEA deposit area. It is expected that by the
end of 2016 the main ramp will reach a vertical depth of 860 metres
and the east ramp will reach a vertical depth of 655 metres. Given
the significant near-mine exploration potential identified directly
to the east and west of the main deposit area considered in the
PEA, the Corporation will review the optimal location of the dual
ramp system as described in the PEA, in order to accommodate any
additional resources located outside the scope of the PEA.
- The project capital program for 2016 includes discretionary capital
investment of approximately $10 million (US$7.3 million), with
allocation of these funds contingent upon the prevailing gold price
sustainably exceeding $1,500 per ounce (US$1,100 per ounce). The
discretionary $10 million (US$7.3 million) includes 1,000 metres of
development outside the PEA of $6 million (US$4.4 million) and $4
million (US$2.9 million) in infrastructure and equipment.
- Delineation drilling in 2016 will target the conversion of the
remaining resources located within the scope of the PEA deposit
area.
2016 Island Gold Exploration Estimates
Exploration ($M) CAD$
US$ Near-mine Lateral Drilling (12,000 metres) $1.1
$0.8 Deep Directional Drilling (17,000 metres) $3.4
$2.5 Eastern and Western Lateral Extensions (8,500 metres) $0.9
$0.6 Regional Surface Drilling (7,500 metres) $0.8
$0.6 740 metre level Exploration Drift (182 metres) $1.1
$0.9 Total Exploration $7.3
$5.4
- During 2016, the Corporation will complete the drilling programs
that were announced in September 2015. All drilling efforts related
to this program are expected to be completed at the end of April