This mine is an open pit mine producing 5,000 tonnes ore and 5,000 tonnes waste per day. Rock characteristics for both ore and waste are typical of those of granite or porphyritic material. Operating conditions, wage scales, and unit prices are typical for western U.S. mining operations.
The gold production depends of these 3 very important factors, the mining Equipment, the Quality of ores and concentrates and the Volume of actually handled and processed ores. The EQV formula Gold Production = Equipment + Quality + Volume
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The EQV™ Formula™ for Gold Mining Production has been authored by Mr. Jean Louis, mentor for the program Start Your Own Gold Mine conducted for mining license holders and entrepreneurs who wish to engage in gold mining business. The acronym EQV relates to most important factors of the gold mining production: Equipment, Quality, Volume that are directly influencing the gold mining production.