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.
Dan Bross is a reporter at KUAC in Fairbanks.
