Hochschild Mining (LON: HOC) said Wednesday that Tiernan Gold Corp. has actually finished its certifying deal and anticipates trading to start on the TSX Endeavor Exchange on or concerning Dec. 19 under the ticker TNGD.
Tiernan, formerly Railtown Capital Corp., will certainly note as a Rate 1 mining provider complying with last TSX Endeavor Exchange authorization and will certainly concentrate on progressing the Volcan gold task in Chile’s Maricunga gold belt. The massive open-pit, lot leach task is entirely possessed and organizes an approximated 9.8 million ounces of gold in determined and suggested sources, based upon 463.3 million tonnes rating 0.66 g/t gold.
President and supervisor Fausto Di Trapani said in a separate statement the begin of trading marks a significant turning point, placing the firm to seek regimented de-risking and long-lasting worth development with specified technological landmarks. He claimed Tiernan is going into the general public markets with a solid annual report and a top quality possession in a respected gold belt.
Andina Minerals initially progressed Volcan, piercing greater than 150,000 metres in between 2007 and 2011 and finishing a 2011 pre-feasibility research that described possible manufacturing of 4.3 million ounces over a 15-year mine life. Hochschild acquired Andina in 2012 and later on re-logged drill core and upgraded the geological design at Dorado West, the task’s major down payment.
Given That 2022, Hochschild has actually remained to progress Volcan and appointed Ausenco Chile to prepare an initial financial evaluation, upgraded in July 2025, which anticipates ordinary yearly manufacturing of 332,000 ounces of gold over the initial ten years and complete manufacturing of 3.8 million ounces over the predicted mine life.
Hochschild currently holds 33.3 million Tiernan shares, standing for 69.8% of the impressive shares on a non-fully watered down basis and concerning 61.9% on a totally thinned down basis.
发布者：Cecilia Jamasmie，转转请注明出处：https://robotalks.cn/tiernan-gold-set-to-debut-on-tsx-venture-exchange/
