Royal Gold Provides Update on Mount Milligan and Issues Update on Impacts of COVID-19
Royal Gold, Inc. (RGLD)
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Source: Business Wire
DENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) (“Royal Gold” or the “Company”) today provided an update on Mount Milligan and a summary of recent events resulting from the impact of COVID-19.Mount Milligan UpdateReserves and Life of Mine Plan Centerra Gold Inc. (“Centerra”) today published an updated National Instrument 43-101 (“NI 43-101”) technical report for the Mount Milligan Mine, which provides a detailed update to the life of mine plan contained in the previous 43-101 report for the Mount Milligan Mine published by Centerra in 2017. Key highlights as reported by Centerra include:A reduction in proven and probable reserves due to increased costs, lower expected productivities, and lower process plant throughput compared to the 2017 report, as well as an update to the resource model and re-estimation of metallurgical recoveries. As at December 31, 2019, the impact of these factors on proven and probable reserves compared to December 31, 2018, as reported by Centerra
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