Cerro Blanco will utilize filtered tailings that will be configured in a dry stack facility. The adoption of this technology puts $BSR at the forefront of responsible mining practices.
Peter Hemstead will join the BoD and assume the role of President & CEO, while Nevin Lau will become the CFO. Peter & Nevin were two of the first $BSR employees & have been instrumental advancing the asset through FS and into permitting. Congratulations! https://t.co/pQmnfBd0fe
The Cerrro Blanco deposit is a classic hot springs-related, low sulphidation epithermal gold deposit. It hosts over 3.0 Moz of gold, comprised of both high-grade bonanza-style vein and low grade disseminated mineralization.
The Cerro Blanco Feasibility Study outlined a 21.0 Mtpa mine with an initial mine life of 14 years. In operation the project will generate +US$160M/yr in annual contributions towards the Guatemalan economy #ResponsibleDevelopment
$BSR employees will continue to work side by side with local governments and community groups to deliver impactful programs such as COVID-19 vaccinations, health clinics, adult education, technical training programs, and infrastructure projects.
https://t.co/eb2uCnRepW
At $BSR we are very proud to release our first GRI compliant Sustainability Report! This is in line with our approach to responsible mining and transparency. Congrats to the team, well done!
https://t.co/wbUG1fh4o6
Our goal is to continue to develop Cerro Blanco to provide socioeconomic benefits and transform communities, while operating in an environmentally safe and socially responsible manner. #ResponsibleDevelopment $BSR
Read the full release here: https://t.co/dI11Lx9xpJ
#CerroBlanco will have an avg. head grade of 2.0 g/t Au over 10 yrs and a LOM strip ratio of 2.7:1, making it one of the highest grade open pit gold projects. Check out the technical report for details: https://t.co/6sX3PrCse0
In partnership with #WomenInMining Central America, the Asuncion Mita Mineralogical Youth Club visited $BSR.V to learn more about mining and how to do it responsibly!
$BSR.V's #CerroBlanco will produce an average of 241 koz #gold /yr for 10 years at an AISC of $629/oz, with a total LOM of 14 years.
Learn more about the project here: https://t.co/30GRp7htdC
Watch this short clip where @JackOALundin discusses $BSR's approach to responsible development, one of the key factors to the @LundinGroup success over the years.
This year $BSR planted 9,000 trees as part of our reforestation initiative. In total we have donated over 100,000 trees for planting, which offsets fossil fuel usage of our current workforce!
Source: PennState Insitute of Energy and the Environment.
Check out @LatAmInvestor edition on Guatemala, it contains exclusive interviews with the President, Minister of Mines & Energy, Company CEO's and how they are attracting foreign investment to benefit the people of Guatemala. Really good read!
https://t.co/BnGoMBXvFS
Watch David Cass VP of Exploration discuss the geology of Cerro Blanco through @VRifyTechnology. Great opportunity to leverage all the data and work completed on #CerroBlanco.
Peak production of 347,000 ounces and an average annual production of 241,000 ounces gold over the first 10 years of operation generates on average US$228M/yr in free cash flow.
Check out our production highlights: