Capital Gold Corp.

• Public
• US

Dow Jones Description

Through a wholly-owned subsidiary and an affiliate, Capital Gold Corporation (the "Company," "we" or "us") owns 100% of 16 mining concessions located in the Municipality of Altar, State of Sonora, Republic of Mexico totaling approximately 3,544 hectares (8,756 acres or 13.7 square miles). We are in the process of constructing and developing an open-pit gold mining operation to mine two of these concessions. We plan to construct a surface gold mine and facility at El Chanate capable of producing about 2.6 million metric tons per year of ore from which we anticipate recovering about 44,000 to 48,000 ounces of gold per year, over a six year mine life. We are following the updated feasibility study (the "2005 Study") for the project prepared by M3 Engineering of Tucson, Arizona which was completed in October 2005. The original feasibility study (the "2003 Study") was completed by M3 Engineering in August of 2003. Since completion of the 2003 Study, the price of gold and production costs have increased and equipment choices have broadened from those identified in the 2003 Study.

Chief Operating Officer

Contact Information

Peer Companies

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