Generating Cash Flow from Toll Milling and Small Scale Mining
PARA-PPT-Nov-5-2015_Final
PARA-PPT-Nov-5-2015_Final
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TOLL MILL CASH FLOW – SIMILAR OPERATION (US$000)<br />
El Limon Proforma <strong>Toll</strong> <strong>Milling</strong> (USD 000's)<br />
Month<br />
Yearly<br />
Daily Purchase Rate 200 200<br />
Ore - tonnes 6,000 72,000<br />
Grade - grams/tonne 10.0 10.0<br />
Total Gold Ounces Purchased - Ore & S<strong>and</strong>s - tonnes 1,929 23,151<br />
Mill Feed - tonnes 6,000 72,000<br />
Average Mill Feed Grade - grams/tonne 10.0 10.0<br />
Mill Recovery - % 92% 92.0%<br />
Net Gold Production - ounces 1,775 21,299<br />
Silver to Gold Production Ratio 0.9 0.9<br />
Net Silver Production - ounces 1,597 19,169<br />
Gold Sales - ounces 1,775 21,299<br />
Revenue per ounce $1,050 $1,050<br />
Revenues $1,863,666 $22,363,987<br />
Mineral Cost - Ore @ 50% using 85% Recovery $860,932 $10,331,190<br />
Cost Per Tonne without Mineral Cost $60.00 $60.00<br />
Credit Silver Sales - $15 per ounce $23,961 $287,537<br />
Total Cost with Mineral $1,220,932 $14,651,190<br />
Operating Cost / Ounce Au $687.88 $687.88<br />
Operating Cost / Tonne $203.49 $203.49<br />
Typical local artisanal mine<br />
<strong>Cash</strong> Margin $642,733 $7,712,797<br />
Government 3% $55,910 $670,920<br />
Imisa 1% Royalty $18,637 $223,640<br />
Income Before Tax <strong>and</strong> Depreciation $568,186 $6,818,238<br />
A Qualified Person has not done sufficient work to confirm or validate this cash flow.<br />
“Cocos” use mercury amalgam behind the family house<br />
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