As Gold Reserves Grow to 17m ozs, Crystallex Waits for Las Cristinas Permits

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While proven and probable reserve estimates from Crystallex's Las Cristinas mine have been increased to nearly 17 million ounces of gold, President and CEO Gordon Thompson said Monday said he has no idea where the project will receive its final permit.

While proven and probable reserve estimates from Crystallex's Las Cristinas mine have been increased to nearly 17 million ounces of gold, President and CEO Gordon Thompson said Monday said he has no idea where the project will receive its final permit.

In a presentation to the Denver Gold Forum, Crystallex announced that Mine Development Associates of Reno has also updated Las Cristina's measured and indicated resources to 20.76 million ounces of gold. However, estimates for operating costs increased 28% to $9.81 per tonne of ore.

...In a news release issued Monday, Thompson comment that, " I am pleased that we have been able to again demonstrate the growth potential of the Las Cristinas deposit, despite the inflation in estimated operating costs, which is in line with increases recently reported across the board by the gold mining industry."

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