Oct 19, 2016
Bryan Slusarchuck President of K92 Mining and FSN partner joined us today. When we last spoke, the Irumafimpa mine was just ramping up. As of October 5 production has started. As if that wasn't enough, a preliminary economic assessment shows that the nearby Kora project has great prospects with a net present value of $400 million and all in costs of just $619 per ounce. As a reminder, the K92 went public in May of this year. Barrick had invested nearly $250 million into the project and sold it off to K92 for just pennies on the dollar. Now it looks like that bet is about to pay off big time.