Chalice Gold Expects to Start Eritrea Output, Exports by 2013
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Chalice Gold Mines Ltd., an Australian explorer for the metal, will begin output at the Koka deposit in Eritrea in two years after spending more than $147 million developing the mine.
The company, based in West Perth, expects to begin exports of 104,000 ounces per year in late 2012 or early 2013, Managing Director Doug Jones said in an e-mailed response to questions on Oct. 1. Shipments over the seven-year life of the mine are expected to total 720,000 ounces, he said.