North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Shane Lasley
Mining News 

Livengood goes back on the drawing board

Tower Hill development team pursues opportunities to reduce US$1,474/oz 'all-in' gold mining costs; queues up potential partners


Last updated 8/25/2013 at Noon

Building and operating a mine at the 20-million-ounce Livengood gold project would lose money at today's US$1,300-per-ounce gold price, according to the results of a feasibility study published July 23 by International Tower Hill Mines Ltd. In fact, the 100,000-ton-per-day mine outlined in the study does not break even until the gold price approaches US$1,500/oz.

International Tower Hill manag...

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