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Dec 13, 2019· The company would require $500m over a decade to buy the mine, equip and operate it and build a $50m processing plant. "We will be spending approximately $50m a year at the operation, but we'll be generating in excess of 60,000 ounces of gold." With the gold price at around $2000 an ounce, the mine would earn about $120m a year.

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