Ann: Boorara Mining Underway - First Gold July 2020, page-7

Good summary - by Bevis Yeo - just appeared on the other site while Anglogold boss predicts POG over US$2000 = $A3000 p oz due to QE's galore and US/China tensions, so the profit may be even better soon, DYOR:
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The prospect of higher gold prices is likely to be music to the ears of aspiring producers like Horizon Minerals (ASX:HRZ) which is aiming to produce first gold from its Boorara gold mine, 10km east of Kalgoorlie, by July 2020.

Site establishment and mobilisation of the mining fleet for the first stage of the project is complete with first ore delivery to the mill expected in June 2020. Horizon has an ore treatment agreement in place with Golden Mile Milling for ore processing at the nearby Lakewood Mill.

Boorara ore will be processed in monthly campaigns under the company’s supervision to enable mill grade reconciliation data to be compared against its reserve and resource models.

The company expects to produce between 8,500 and 9,000 ounces of gold at an all-in-cost of between $1,650 and $1,690 per ounce during the six-month mine life of Boorara stage one, generating about $7.1m in free cash flow during the 2021 financial year at current gold prices.

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