John Tumazos

“I'd like you to help me with some algebra. At Hope Bay, with the CapEx plus the monies already spent, Agnico will have spent over $3 billion. And for Lapland, the acquisition was $4 billion, so that by the time you build a mine, it might be over $6 billion.”

“For HUA to proceed, will the tailings disposal be on land or marine, or has not been decided?”

“I want to try to understand a little better some of the project delays. And maybe LPVAR is a simple one, just 36,000 tons copper production, smaller open pit. But the predecessor, Mercator, bought it in 2009 for $40 million from Stingray.”

“Looking ahead five or so years to the renewal of the power contract in South Africa, some of the literature concerning it discusses that power rates in South Africa for other customers average six times what the smelter pays.”

“It's great that the Mideastern customers honor the contracts in this period of war and don't lay a force majeure.”