Study Says Proposed Livengold Mine Would Lose Money

The proposed Livengood Mining project would not break even at current gold prices. A feasibility study released by project developer International Tower Hill Mines shows profitable operation of the gold mine north of Fairbanks would require prices higher than $1,500 an ounce.  Gold is currently selling in the 13 hundred dollar an ounce range, more than 500 dollars below its 2011 peak.

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Dan Bross is a reporter at KUAC in Fairbanks.