??????:?????? ??????, ????? ??????? ???????, ??? ????? ?????? ?????? ??????? ??? ??. ??? ??????, ?? ???? ?????? Locked ??? ??, ???? ???? ???? ???????? ????????? ????? ??. ????? ???? ?????? ????????? ???, ??? ??????? ??? ?????? ??????????? ??? ??.
?????, ?? ?? ?????? ???? ?? ?? ???? ?????? ????? ??? ???????? ???????? ????? ??, ?? ????? ????????????? ??????? ?????? ????? ??????? ???????? ??? ?????? ??. ??????????? ???? ???????, ?????? ???????? ????? ?????????? ??????? ????? ????????? ?? ???????? ?????????? ???????? ??????? ??? ??: ?????? ????? ??? ??? ????? (???? ???? ????? ???? ?? ???????? ??? ??). ??????????? ????, ?????????? ??????, ???????? ???????, ?????? ?????? ??????????, ??? ?????? ???? ???? ???? ?????? ?????? ?????? ????? ???????????? ????? ??.
????? ?????? ??? ?????? ?????? ????? ?? ????? ?????? ??????????? ???????????? ???? ??, ?????? ?????? ???? ????????? ??????? ???? ?? ?????? ?????? ??????, ?? ??????? ?????? ????????? ??????? ??? ??. ??????? ?????? ?????? ???? ?????? ?????????? ??? ??????-??-???? ?????????? ????? ???????????? ????? ?????? ???????????? ??????????? ??? ??????????? ????????????? ?????????? avances ?? ???????????? ??? ??. ? ???? ?????? ???? ???, ??? ?????? ????? ???? ?????? ??? ????????? ????? ?????? ?????? ???????????? ?????????? ??.

?????????: ?????? ????? ??? ??? ????? ??? ???
1. ??? ????? ???? (??????? ?????????)
??? ????? ??????? ??????? ????????? ???? ???????????? ??????????????? ?????? ??. ???? ????? ???????, ??????? ???? 150° ?? 350° ?????????? ?????? ??? ?????, ?????? ??? ???? ???????? ?????? ????? ??? ??. ?????? ?????-? ?????? ???? ????? ??—????? ??????? ?????, ????, ???? ???????-????? ??????????????????? ?????—?????? ??????? ?? ?????? ???????? ??? ??????? ??????? ???? ?????? ??? ??. ? ????????? ?????????? ????? ??????? ??????? ????? ??:
- ????????-???? ?????:??????? ????????? ????
- ???????? ??? (??????? ???????):??????????? ??????? ?????????????? ?????
- ????????? ??????? ????????? ????:????????? ??????? ??????????? ?????
???????? ?????? ???? ???????? (<1 ????) ???? ???????? ???????? ???? ??? ??, ?????? ????????? (???????) ?????? ??? ???? ??? ????? ??????? ????? ??. ???? ???????? ????? ????????? ??? ??????? ??? ????????? ?????????? ???? ??????? ??.

2. ?????? ?????? ???? (?????? ??????? ??????????)
?????? ????? ????????, ????????, ??? ?????????? ?? ??? ???????? ??????????? ?????? ?????? ??? ??. ??????? ??????????? ?????????? ???? ??? ??:
- ????? ????? ??????? ?????? ??????? ????? ???? ?????????? ???? ???? ??? ??.
- 2. ????? ???????? ????? ????? ???? ??Particle??? ????? ??? ??.
- 3. ?????????? ?????? ?????? ???? ??? ????? ?????? ?????? ???? ????? ???? ??? ???? ?????? ??? ??.
- 4. ????????????? ????? ??? ???? ?? ????? ??????? ???????? ??? ??:
- ????? ??????? ?????? ?????? (?????? ???)
- ?????? ???????????
- ????? ?????? ????? ??????? ??????
- ??????? ????? ????? ??? ???????? ??????
?????? ???? ???? (19.3 ?????/?????) ??????? ????????? ?????? ????????? ??? ??, ?? ?????? ????????? ???????? ???????? ?? ??? ?????? ???? ??? ??. ?????? ?? ????? "??? ?????" (<0.1 ????) ?? ???? ?????? ?????? ?? ??? ????????????? ??? ??? ??, ?? ??? ??.

3. ?????? ????? ????? ??? ????: ????? ????????? ?????
| ????? | ?????? ????? | ??? ????? |
|---|---|---|
| ??? ??????? | ????????, ????? ??? | ????????, ?????? ??? |
| ??????? ????????? | ????? ??????: ???????, ??????, ??? ?????? ?????? | ?????? ???: ????????-???????????? ??? ???????? ???????? |
| ???? ????? | ??????? ????? ??????? | ????? ????? ??????? ???? ?????总体??? |
| ?????? ????? ???????????? | ????????, ????? ????? | ??????? ?????, ??????? ???????????? ????? ???? |
| ?????? ???? ????????? ???? | ???? ????? (??? ??, ??????????, ?????????) | ????????, ??????? (?????????, ???????) |
| ????? ?????? | ???? ???? ??????? ???????? ??????, ??????? ???? ???????? | ?????????? ????????, ?????????/??????? ????????? |
?????? ????? ????? ??? ?????: ?????? ??? ????? ???? ????????????? ????????? ????????
?????? ???? ??? ??? ?????? ????? ???????????? ?????? ???????? ??? ?????? ??????? ????????????? ?????? ????? ????? ??. ?????? ???? ??? ??????? ???? ??? ??? ??? ??? ????-???? ??? ??, ?????? ??? ???? ??? ??? ???? ????????? ??? ??? ????? ??????? ???? ??? ??.
1. ??????Gold: ??? ??? ?????????
?????? ?????? ????????? ????? ???? ???? ??????? ??????????? ??, ?? ????????? (???? ??? ?????? ???? ???????????? ???? ??????? ???? ??) ?? ????? ?????? ??????? ?????? ?? ???? ??? ??. ????? ???????????? практически ??? ? ???? ????? ??????????????? ????? ???, ??? ?? ?? ????????? ????????? ???? ???????? ??, ?? ??? ? ??????? ??? ?????????? ??? ??? ??.
??? ?????????: ??????? ??????
? ?????? ??????? ??????????????? ? ????? ??. ???? ??????? ?? ????? ?????????? ????? ????? ??: ?????? ???????? ??? ??? ?????? ????? ??? ??? ?? ?????? ????? ?????? ???? ?????, ?????? ??? ?? ????? ??? ??????? ??? ??.
- ?????????????? ???:???? ???? ??? ???? ?????? ???, ?? ??????? ???? ???? ?其?? ??? ??????? ????? ?? ?????? ??, ????? ????? ????????????? ???? ???? ???? ?????.
- ????? ?????:?? ???? ??????? ???? "??????-?????? ??????" (????? ????? ?? ????? ??? ????? ??) ???? ???????? ??????? ?????? ??. ?????? ??? ??????? ???? ??? ??, ?????? ????? ??? ???????? ??????? ??????? ??? ??? ??. ???? ???????????????, ? ????? ???????? ???????? ??? ???.
- ???:?????? ?????? ?????? ?????? ???? ??????? ???? ??? ????? ?? ??? ??, ?? ???? ?????? ????? ????? ????? ??. ???? ???? (?????) ??? ??? ?? ??? ???? ??????? ??? ??.
- ?????? ????:?? ????, ?????????????? ??????????? ????? ??, ??????? ?????? ??? ????????? ?????? ?????? ???? ????? ????? ?????? ??? ?? ?????? ??? ??? ??, ?? ?????? ???? ?????? ??????? ??? ??. ?? ??????? ???? ???? ????? ?????? ???? ???????? ????? ??.
?????? ??????? ???????
- ????? ??????:???? ?????? ??? ??????? ???????? ?????? ?????? ???? ???? ??????, ??????, ????? ????????? ??? ???? ????? ????? ?????? ?????? ?????? ???? ????? ??????? ????? ???? ???? ??????? ?????? ??.
- ?????????? ??????? ???????:???? ???? ???? ??????? ????? ??? ????? ??????? ??? ??????? ???? ??, ?????? ????? ?????? ??, ???? ??? ????? ???????? ??????? (??? ?? ??????? ???? ?????) ???? ?????????? ???? ???? ??????? ??? ??. ?????? ??? ?????? ?? ????? ???? ??????.
- ?????? ??? ??????????? ??????:???? ??????? ??????? ???? ??? ???????????? ???, ?????? ???? ???????????? ??? ???????????? ????? ??? ??, ??? ????? ????? ????? ??? ??????? ???????????? ???? ???? ?????? ?? ????? ????????? ??? ??? ?????? ?????????? ?? ?????? ??? ??.
2. ??? ?????: ?????? ??? ????? ??????? ????
????? ?????????? ?????, ?????, ??? ?????? ?????? ???????? ?????? ??. ???? ?? ????? ???? ??????? ??? ? ??? ?????????? "?????" ?????? ??? ??, ???? ????? ??????? ?????? ??????????????? ???? ???? ????.
2.1 ?????? ??????????
??????????? ???????:???, ???? ????????? ??? ????, ???? ?????? ?????? ???? ???? ??? ??????? ????? ????. ? ???? ?????? ??? ?????? ?????? ??.
????? ???:???, ?????-?????? ???????, ???-?????? ?????? ???? ? ??????? ???? ??? ???????? ???? ??, ?? ???? ??????????? ??? ???? ???? ??? ??.
2.2 ??? ???????? ?????????
- ??? ????? ??? ?????:???? ?? ??????? ???????? ??? ?? ??? ???? ??????? ???????? ??? ?? (??????? ???? ????? ???? ?? ???? ?? ????) ?στε "????????" ?? ???????? ?????? ?????, ?? ?????????? ?????? ???? ????.
- ??????? ????????? (????? ???? ?????????)????? ?????? ???????? ?????? ???????? ?????? ??????? ??? ??. ??? ????, ?????? ??????? ???? ??????? ??? ??, ????? ?? ????????? ????? ??? ?? ??? "???????? ??????" ????? ??. ????????, ?????? ?????? ?????? ???? ???? ???? ?????? ?????? ????????? ????? ?????? ??????????? ????? ???? ??????? ??? ??. ??? ? ???? ?????? ??????? ???? ???? ?????? ??? ??????? ?????? ?? (????? ???? ???? ??????? ????).
- ????????:???? ???? ?????? ????: ???? ???? ????? ???? ??????? ????? (??? ?? ???????) ???? ????? ??, ????? ????????????? ????? ?????? ??????? ??? ??. ???????? ????????? ????????, ???? ????? ???? ????? ????? ?? ??? ? ??? ?? ??? ????? ?? ???? ??? ??, ?? ???? ?????????? ???? ????? ??? ??. ? ????? ??? ??????? ??????? ??? ?? ???? ????? ???? ???? ????????? ??? ??.
- ????? ???????:? ?????? ??????????? ????????? ??????? ?????? ????? ????? ??????? ???? ????? ???????????? ??? ?? ( ?????? ?????, ????? ?? ?????? ??????? ????? ?????) ??? ???? ?????? ???? subsequent ????????????? ???????? ????? ????. ??? ?????? ????? ????????? ????? ????? ??????? ??? ??.
- ??? ??????:?????? ???? ???????????? ????? ????? ????, ?????? ?? ????????? ????? ????????? ??? ??, ???? ?????????? ??????????? ??? ??? ?? ????????? ??? ??, ??? ?????? ???? ??? ??????? ????????? ?????? ??????? ??? ??. ?????? ?????? ???????? ????? ??????? ????? ??????? ??? ??. ? ?????? ??? ???????? ?? ????? ?????? ???????? ???? ?????? ????????? ??.
2.3 ????? ?????????:
????? ????????? ????? ???????, ??????? ???? ????? ??????? ???? ????? ??? ????? ???? ??????? ??????? ??? ??, ??? ???? "????? ?????" ???????? ??? ??. ???? ????????? ???? ????? ?????? ???? (????????? 99.99% ?? ???), ?????????????? ???? ???? ???????? ???? ?????? ??.
?. ???????? ??????: ?????? ????? ??????? ??????? ??? ????? ???????
| ??? | ?????? ????? ??????? | ??? ????? ??????? |
|---|---|---|
| ????? ???????? | ????? ?????? (??????? ???) | ?????? ??????? ??? metallurgy |
| ???????? ?????????? | ????????? ?????? | ??????cidation, ????????, ?????????? |
| ?????? ???? | ??????, ??????, ??????? ???? | ???????, ???????????, ???? ????? |
| ?????????? ??? | ?????? ???????, ??????? ?????? | ????????? ???????, ??????? ????, ???? ??????? |
| ??????????? ?? | ??????? ???? 60-85% | ??????? ???? ??-??% |
| ?????? ???????? | ??????? ???? ????? | ??? ? ???? |
????????? ?????? ????????: ?????? ???? ????????? ????? ??? ????矿业
1. ???? ???? ?????
?????? ????? ???????? ???? ?????????? ?????
- ???????? ?????????? (???????):??????. ?????? ???? ???????? ???????? ???? ???????? ? USD ?? ???? ??? ??, ?????? CAPEX ??????? ???? ???? ???? ??? ?????? ????????? ???????? ??? ??? ??.
- ???????? ???? (??????):???????? ???? ????, ?????? ?????? ??? ?????? ?????? ???????. ??? ????????? ?????? ??????? ?????, ????? ????????? ???? ????????? ???? ???? ??.
- ?????????????????:???? ?????? ??? ?????? USD 800 ?? 1,200 ??????????? ???? ??? ??, ??? ??? ????????? ???????? USD 600/??? ???? ???? ??? ????? ??? ??? ??.
- ????? ?????? ???????:??? ?????, ?????? ???? ??, ??? ??????? ??? ????? (????????? ?????? ?????? ????? ?? ????? ?? ????).
??? ????? ??????? ???? ????????
- ???????? ?????????? (???????):extremely High. ????? ???? ??? ?????? ?????? ????? ??????? ???? ????? ??????????? ??? ???? ???? ?????? ??.
- ???????? ???? (??????):???? ??? ????????, ??????, ?? ????????, ?? ??????, ???????? ????????????, ??????? ????????, ??? ??? ?????? ?????? ???????? ??? ??.
- ?????????????????:?????? (AISC) ??????? ???? ????? ??? USD 1,000?? 1,400 ????? ??? ??, ?????? ???? ????? ???? ??? ??? ? ???????? ???? ??.
- ????? ?????? ???????:?? ?????, ???????? ???? (???-??? ??????? ??????????), ???? ?????? (?????? ??????) ??? ???? ????????? ?????? (??????????? ??????? ??? ???? ??).
2. ?????? ?????????? ???????? ??????
?????? ?????? ????
- ??????? ????????:???? ???? ??? ? ?????. ???? ?? ????? ????? ??????? ??????? ??????? ??? ??, ????? ???? ???? ???? 0.1 ?? 0.3 ????? ????? ?? ???? ????? ??? ?? ????????? ??? ???? ??.
- ????? ?????????:?? ???? ?????? ????? ??????? ???? 8 ???? ??? (?????? 260,000 ????) ?????? ????? ??.
- ??????? ???????? ????? ???? ?????:????? ????????? ?????? (??.chomp;?) ?????/???), ???????????? ???????????, ??? ???? ?? ??????? ??????/?????????????????.
???? ????? ?????????
- ??????? ????????:?????? ????????? ???????? ????????? ???? ????. ?????? ????? ??????? ???? 0.8 ?? 1.0 ????? ????? ??? ??? ??????? ???? ??? ??, ?????? ?????? ????? ??? ???? ????? (??? ????? >3 ?? 5 ?????/??)?? ???? ??? ??.
- ????? ?????????:?? ???? ??? ??????? ??????? ???? 20 ?? (???? 645,000 ???) ?????? ????? ??? ??.
- ??????? ???????? ????? ???? ?????:??? ????? ???????, ????????????? ???????????? ??, ??? ???? ????????? (?????, ????, ??????)?? ??????.
3. ???? ??? ?????? ???????????
?????? ??? ????????? ???????????:
- ??????????? ????? ???????????:?????? ??? ??? ?????? ?????? ?????, ??? ????? ??? ?????? ????? ???? ??? ???? ????? ??. ??? ?????? ?????? ????? ?????? ????? $1,200/???? ?? ??? ???? ???? ??????? ????? ?? ???? ????? ??.
- ????? ????? ???????????:??? ????? ???? ???????? ?????? ????, ????? ???????? ????????? ??? ????????? ??? ??. ????? ????????? ????? ???? ???????? ???? ??? ????? ?????? ????? ??? ??.
????? ?? ??????? ??????:
- ??????????? ????? ???????????:??????? ???? ????? ??????? ??????? (1-2 ????) ??? ???? ????? ???????????? ??? ??, ????? ????????? ???? ????? ??? ??????? (??????? ???? 5-15 ????) ??? ??.
- ????? ????? ???????????:????? ??????? ??????? (3-5 ????) ??? ???? ????? ???????, ????? ???? ??? 20 ???? ????? ??? ???? ???? ????? ??? ??.
??????? ????????:
- ??????????? ?????????? ????? ?????:???? ??????? (????? ???? ?????), ?????????? ?????? ??? ?????? ?????????? ??????????? ?? ???.
- ???? ????? ?????? ????? ?????:???????? ????? (???????? ???????), ????????????? ????? (???????????? ??), ?????? ?????, ??? ?????? ????????? ????.
???????? ?????????? ??? ?????????? ?????
?????? ??? ?????????? ?????:
- ???? ????? ???????? ?????????:?????? ????? ???? ?? ??? ???? ??? ???? ????????-???????????? ????? ??? ?????????????????? ??????? ?? ?????.
- ???????? ?????? ?????:?????????? ?????? ?????? ??? ???????? ??????? ??????.
- ????-???? ?????????? ?????? ????????????:???? ????????????? ??? ?????? ????? ????? ?????? ??????????? ?????? ???? ?????? ??.
???? ????? ?????????? ?????:
- ??????? ??? ????????????:??????? ?????? ?????, ????? ??????, AI ?????? ???? ??????.
- ???? ??????????? ???????:??????? ??????? (??? ?? ??????????), ?????????? ?????????? ?????.
- ?????? ?????????????? ??????:??? ???????????? ???? ??? ????????????? ?????? ???? ?????? ????????? ?????? ?? ??? ?????????.
- ??? ?????:????? ?????? ??????? ??? ?????????, ?????????? ??????????, ??? ??????? ?????????? ??? ??? ??? ??. ??????? ?????? ????????? ??? ??? ????, ?????? ?????? ?????? ?????? ???? ???????? ????? ?????? ?????? ???.
?????? ???? ??? ??? ???? ?? ???? ???????? ?????? ????? ??, ????? ??????? ???????, ???? ?????? ????????, ??? ???????? ???????, ???????????????? ??? ?????? ?????? ??????? ??????? ????? ??. ?????? ????, ?? ?? ????? ????? ??, ????? ????? ???????? ????? ??, ?????? ????? ???? ??????, ??? ??? ??? ??? ???????????????? ?????? ????? ????? ??? ??, ?????? ?? ????-?????? ??? ?? ?????? ????? ???? ????? ??? ??. ??? ????, ?? ???????? ????? ?????, ?? ???? ???????? ??????? ??? ??, ????? ???? ??? ??? ?????????????? ???? ??, ??? ???? ???? ??? ????????? ?????? ?????? ??, ????? ???? ???? ????????????? ??? ????? ?????? ????????? ???? ??? ??.
? ???????? ?????? ?????? ?????? ??????, ????????? ??? ????????????? ???? ?????????? ??. ???? ????? ?? ??????? ?????? ?????? ????? ??, ????? ???? ???? ?????? ?????? ??????? ????????? ?????? ????? ???? ???? ??. ???? ????? ?? ?????? ??????? ????, ??? ????? ?????? ??????? ???? ???????? ????? ????? ??, ????? ?? ???????? ???? ??????? ??? ????????? ??????? ????????? ???? ???? ????????????? ????? ?????? ???? ??. ?????? ?????? ???? ????? ???? ??, ?????? ?????? ??? ??? ????? ??????? ??? ??? ????? ??????? ???? ????????? ?????????? ?????? ?????, ??? ?????????? ??????? ????????? ???????? ??????????? ???????, ?????????? ????????? ?????? ??? ?????? ??????? ?????? ???? ?????? ???? ??.





















