Mined AU Gold
ICO.ASIA is currently representing two AU Gold producing polymetallic mines. Neither of these mines is currently in operation, but both were operating during the Soviet era.
Interested parties are directed to follow our bond procedures to obtain details other than those listed here. Brokers and intermediaries take note – information other than that posted here will not be released to parties who have not followed our procedures.
Arkharly Gold and Silver Mine – $50,000,000.00 USD:
The Arkharly gold and silver mine covers an area of 49 square kilometers (4,900 hectares; 12,108 acres), and has an average gold concentration of 8.8 grams per metric ton of ore. It is an underground mine, and is ready to resume production.
- (Au:C1+C2 = 17.5MT of on balance, P1+P2 = 41.7 MT);
- (Ag: P1+P2 = 1,124 MT)
There is an 80% ownership share of the mine currently for sale at an asking price of $50,000,000.00 USD, which is inclusive of $12,000,000.00 USD to be invested into the costs of resuming mine operations.
There are two production lines planned, each having a capacity of 500 kilograms per year for a total of 1 metric ton per year.
The AU Gold value of the mine is currently estimated as follows (note that this does not account for other deposits in this polymetallic mine):
- C1 and C2 total for approximately 2,382 kg of gold (76,839 troy ounces)
- Total Revenue – $131,700,000.00 USD
- Price per ounce today – $1,714.00 US
- Total Cost of mining – $10,250,000.00 USD
- Cost to mine 1 ton of ore – approximately $25.00 USD
- Total Cost of metallurgy – $13,200,000.00 USD
- Cost of metallurgy – 10% of gold price
- Gross profit – $108,250,000.00 USD
This is, of course, a simple model, as it does not do not consider the production plan and thus does not apply discount rate, S&A expenses, taxes, royalties, depletion, land recovery expenses, initial investment outlay, and a number of other factors.
Additionally, it is expected that there is significantly more AU Gold that can be extracted from this location once more recent surveys and tests have been made. The current Soviet era reports we have estimate up to 20 Metric Tons of AU Gold possible in the area.
Currently the following document is available in Russian (3MB).
Currently the following Investor Prospectus is available in English (350KB).
If you are interested in this opportunity, or would like to see additional samples or translations of our documentation and certificates on the mine, please contact us to proceed.
