The Swan Zone at Fosterville is a jewelry box of $US7.2Billion worth of Gold sitting in massive Stibnite/Antimony.
The Swan Zone sits at an average grade of 28g/t high grade gold is a collection of visible gold in drill cores like the one we saw announced by Siren Gold last week at Alexander River.
Below is a screenshot from Kirkland Lake's presentation in 2021, which owns the Fosterville Gold Mine.
The CEO highlights why the Swan Zone is so important to the $13Billion Market cap of Kirkland Lake......the incredible gold grades and extremely low All In Sustainable Costs of $US312/Oz because of those jewelry box gold grades.
AND annual production of 640,000Oz!
With a Gold Price of $US1,950/Oz and the AISC at only $US312/Oz, Kirkland Lake is generating an annual gross profit per ounce of $US1,639, with annual gold production of 640,000Oz out of Fosterville. You work out the annual gross profit....
This is why Fosterville has been the most profitable gold mine on the planet for the last 6 yrs running.
This is why Brian Rodan and Paul Angus are so excited about Siren Gold's Alexander River and Big River gold deposits.....
2 Diamond Drill rigs continue to drill 24hours per day, 7 days per week at Alexander River and Big RIver as they bank gold for the Maiden JORC Resource next month.
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Mkt cap ! $17.62M |
Open | High | Low | Value | Volume |
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1 | 50000 | 0.082 |
2 | 35000 | 0.081 |
4 | 453578 | 0.080 |
2 | 31300 | 0.079 |
Price($) | Vol. | No. |
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0.087 | 69663 | 1 |
0.089 | 311500 | 3 |
0.090 | 272540 | 2 |
0.094 | 5000 | 1 |
0.099 | 10000 | 1 |
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