Tuesday, June 27, 2017

Red Eagle Mining - R.t

Red Eagle Mining - R.t is advancing the flagship Santa Rosa project in Colombia.

A Feasibility Study includes $74 million in initial capital costs and cash costs of $596 per ounce. Production started in late 2016.

On June 26, 2017 the company released NEWS

Red Eagle Mining Corp. has provided an operational update and announces an equity rights offering. Gold grades in the production headings have been in line with feasibility study estimates, averaging 5.5 grams per tonne gold during May, 2017. However, challenging ground conditions have led to unacceptable dilution and gold losses using the current mining method.