Kyle Stanfield's Contact Details

Kyle Stanfield's Company Details

Rainy River Resources Ltd.

Toronto, ON, CA • 20 - 49 Employees
Metals/Mining

Rainy River Resources Ltd. (RR:TSX) is a Canadian precious metals exploration company whose key asset is the advanced exploration stage Rainy River Gold Project (RRGP), located in mining-friendly northwest Ontario, Canada. RRGP has NI 43-101 compliant reserves of 4.0 million ounces gold and 10.3 million ounces silver. Our Feasibility Study, released April 10, 2013, envisions production of 326,000 of gold and 494,000 ounces of silver annually over the first 10 years, from a combined open pit and underground mining operation. Cash costs average US$468 per ounce in this period, with grades averaging 1.46 g/t. As of Dec 31, 2012, the Company had approximately $102 million in cash and cash equivalents, and remains well funded for its ongoing plans to 1) commence detailed engineering work and continue ongoing permitting and environmental assessment work; 2) continue growing the existing resource through exploration; 3) conduct a condemnation program in areas identified for potential mine facilities; and 4) continue regional exploration. RRGP benefits from nearby road, rail, and hydro-electric infrastructure, in addition to a skilled local labour force.