Strong Oyu Tolgoi gold and silver potential

摘要

PRE-STRIPPING of the open-pit for the gold-rich Southern Oyu and Central Oyu deposits underscores the early gold and silver production potential of Ivanhoe Mines' Oyu Tolgoi Project in southern Mongolia, according to Ivanhoe's chief executive officer Robert Fried land. "Strong gold and silver prices reinforce the importance of having a multi-commodity deposit such as Oyu Tolgoi," he says. "While copper is Oyu Tolgoi's most important metal over the longer term, gold and silver are major contributors to the launch of value building during the project's initial years. Revenues from gold and silver will have a significant positive effect on lowering the average cash cost to produce a pound of copper during the first five years of mining."