Tuesday, March 2, 2010

Red Back Mining (TSE:RBI) Reserves Increasing

Red Back Mining Gold Reserves

Red Back Mining (TSE:RBI) has enjoyed some good news over the last several days as reports of increased reserves continue, this time, again, at their Tasiast Mine in Mauritania.

Proven reserves overall were increased by 64 percent to about 5 million ounces, bringing the total to 49.4 million tons. That is graded at 1.36 grams a ton.

For reserves graded at 1.4 grams a ton, probable reserves are at around 61.5 million tons.

CEO and President fo Red Back Mining, Rick Clark said the company is looking "forward to reporting further Reserve increases and other exploration results in the coming months."

Red Back Mining Gold Reserves

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