In 2012 the Paracatu mine, operated by Kinross Gold Corporation in Brazil, treated around 58 million tonnes of ore at a grade of around 0.4grams per tonne (“g/t”) to produce 466,709 ounces of gold. At December 2012 it had reserves of 1.4 billion tonnes at grade of 0.40g/t gold for a total of 18 million ounces of gold. The cut-off grade is around 0.2g/t gold
Got this low grade, bulk tonnage nugget from the HCH thread and I copy it here as NVA should be in a similar position in a few years as the Pecatu mine was in 2012 (10 M in Korbel and 8+ for RPM and co).
Ann: Daily share buy-back notice - Appendix 3E, page-42
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