Verticalnaya
The technical information on this page has been reviewed and approved by Colin Stocks, a Qualified Person as defined by National Instrument 43-101, who is the Technical Director of the CompanyTechnical Reports
- Click here to view Amended Pre-Feasibility Study Report on Verticalnaya Mine (June 2012)
(PDF 2.2 MB) - Click here to view Verticalnaya Mine Technical Report (March, 2011)
(PDF 1.78 MB) - Click here to view Verticalnaya North satellite project (VNP) Technical Report (March 2010)
(PDF 1.53 MB) - Click here to view Verticalnaya Mine Technical Report (September 18, 2008)
(PDF 1.03 MB)
Verticalnaya Project Summary
Key project indicators for the Verticalnaya mine, per the NI 43-101 compliant technical report titled "Technical Report on the Verticalnaya Mine Ukraine (NI 43-101 Standards)" dated March 2011, are as follows:
| Initial capital expenditures | US $189.4 million |
| Net present value @10% | US$ 352.1 million |
| Internal rate of return | 61.1% |
| Average cash operating cost per saleable tonne |
US $38.41/tonne |
| Pay back period | 7 years |
| Proven reserves | 13,300,000 tonnes |
| Probable reserves | 11,000,000 tonnes |
| Measured resources | 57,300,000 tonnes |
| Indicated resources | 18,900,000 tonnes |
| Total resources | 76,200,000 tonnes |