Kin announces results of Leonora DFS

A feasibility study into the Leonora gold project, in Western Australia, has estimated a capital cost of A$35.4-million to produce some 372 000 oz of gold over a seven year mine life. ASX-listed Kin Mining on Monday reported that based on the current ore reserve of 7.9-million tonnes, grading 1.5 g/t gold, the Leonora project could be developed into a 1.5-million-tonne-a-year operation, with life-of-mine operating cash costs estimated at A$957/oz, and all-in sustaining costs at A$1 038/oz.