Mine reserves were 1.7m ounces at 23 g/t at the end of 2017.
Given the astonishing exploration drill results released over the course of 2018, (astonishing in both in grade and scale) the next update due in approx 3 weeks time will be pretty spectacular. Their cost of production is currently estimated at USD 210 to 230 per ounce but with the rapid increase of high grade material thru the mill along with the absence of processing of sulphide ore, this is likely to collapse the COP substantially further. Fosterville is truly a Gold Mine in the literal sense of the phrase. It will be interesting to see if there are 'fold' repeats of the scale but the comments about Victorias Gold triangle being seen a on elf the worlds great gold camps would suggest that this view is becoming more widely held. GLTH and DYOR.
