didipio -phillipines gold play I found some more news on its...

didipio -phillipines gold play I found some more news on its gold project;

Didipio is expected to have an initial capital cost of US$66 million and will produce around 150,000 ounces of gold equivalent for 14 years from the processing of 2 million tonnes per annum.

Total cash costs are put at US$198/oz, while the project unit cost over the life of mine, including all capital and remediation, is US$242/oz. Didipio has an internal rate of return after tax and ungeared of 25%, and a payback period of 3.9 years.