Cerro Casale

Key Facts
  • Asset TypeProject
  • LocationChile

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Latest Information
  • Cerro Casale Technical Report Filed
    Cerro Casale Technical Report Filed
    On 2010-06-03
  • Cerro Casale25 % Sale Closed
    Kinross Gold Announced the Closing of its Sale of25 % of the Cerro Casale Project in Chile to Barrick Gold Corporation,Previously Announced on February17,2010.Kinross now Owns25 %,and Barrick 75%,of the Project.
    On 2010-03-31
  • Cerro Casale Interset Increased
    Barrick Gold Corp. Announced the Acquisition of an Additional25 % Interest in the Cerro Casale Gold and Copper Project in Chile From Kinross Gold Corp. Previously Announced on February18,2010, has Closed. Barrick now Owns a 75% in the Project.
    On 2010-03-31
  • 2009 4Th Quarter Results
    Kinross has Entered Into an Agreement With Barrick Gold Corporation to Sell one-Half of its 50% Interest(or25 % Interest)in the Cerro Casale Project in Chile to Barrick for a Total Value of $475Million,Comprising $455Million in Cash,Plus The Assumption by Barrick of a$20Million Contingent Obligation. the Compania Minera Casale(CMC)Joint Venture has Prepared a Feasibility Study of the Project,to be Submitted to the CMC Board of Directors. the Current Draft Study Contemplates a Heap Leach Facility and a160,000Tonne PER DAY Mill. the Study Estimates Initial Capital Expenditures of Approximately $1.05 Billion on a25 % Basis,With a Construction Period of Approximately Three Years Following the Receipt of KEY Permits. Based on the Base Case in the Feasibility Study,Kinross’ Annual Share of Production Over the First Five Full Years of Mine Life is Estimated to Average250,000–275,000Ounces of Gold at a Cost of Sales of Approximately $530PER Ounce,and57 – 63Million Pounds of Copper at a Cost of Sales of Approximately $1.25 PER Pound. Mine Life is Estimated to be Approximately 20Years. the Feasibility Study is Based on a Gold Price of$800 PER Ounce and a Copper Price of $2.00 PER Pound.
    On 2010-02-17
  • Mineral Reserve and Resource Statements
    Mineral Reserve and Resource Statements
    On 2010-01-28