Metallon Corporation is an African gold mining, development and exploration company. Metallon is the largest gold miner in Zimbabwe with five underground mines and prospective exploration tenements. The Company also has exploration tenements in Tanzania and the DRC. Metallon has a globally significant resource base of 9.7 million ounces of gold (JORC compliant – June 2014). In 2014 gold production was 99,000 ounces, and the target for 2015 is 150,000 ounces. Metallon is focused on low-cost production with all-in-costs of under US$900 expected in 2015. The Company has commenced work and invested capital on ambitious expansion projects which will increase production to 500,000 ounces by 2019. These exciting development projects will deliver strong profits and stable cash flows. Metallon has an experienced management and technical team with proven ability to operate in Africa.
9.7Moz of mineral resource
Production of 150,000oz expected in 2015
5 underground mining operations
Annual Production Gold, oz per year
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: JORC , GEOs: Yes
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.