|
Investor Info
| |
|
Frequently Asked Questions
| | |
| Q | Does Pacific Rim have the funds and expertise to build and run a mine at El Dorado? |
| A | Pacific Rim does not currently have the cash or anticipated cash flow to finance the construction of a mine at the El Dorado project. Anticipated capital costs for an 80,000 ounce per year operation were defined in the January 2005 pre-feasibility study, and an estimate of capital costs required for a larger operation based on both the Minita and South Minita deposits will be defined in the updated economic analysis expected during calendar 2006. Mine construction financing alternatives include a combination of debt and equity. Leveraging off the expected royalty or cash buyout from the Denton-Rawhide landfill agreement is also being considered.
Pacific Rim has hired a Chief Operating Officer to steward the Company's development of the El Dorado mine. Pete Neilans is the former President and CEO of Placer Dome US and a mining engineer with extensive international experience. The Company also benefits from a broad range of mining experience both at the board level. Pacific Rim's board members have been involved in the discovery, development, financing, construction and operation of mines internationally. |
| |
| | You can view the Previous Frequently Asked Questions item: How many more years will Denton-Rawhide be in operation?
You can view the Next Frequently Asked Questions item: Are you looking for new acquisitions?
You can return to the main Frequently Asked Questions page, or press the Back button on your browser.
|
|
|
