The mining newspaper for Alaska and Canada's North

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

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 managemen...


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