Press release from Marketwire
Sandspring Announces Significant Increases in Life of Mine Grade and Cash Flow; Reduces Initial Capex for Toroparu Project
Increase in Measured and Indicated Resource to 6 million ounces gold. Updated PEA projects average fresh rock head grade of 1.2g/t gold and 0.18% copper for first five years of production. Expected five-year cash flow of US$750 million from US$482 million initial investment.
Monday, January 30, 2012