Glory Mines’s exploration budget in 2019 is $13.4 million, broken down to include $9.8 million at Eastern Region, an initial $1.5 million dedicated to local chiefs and $1.6 million at Ashanti gold belt.
In 2019, drilling is focused on Eastern region and the Ashanti region Extension in order to accelerate organic growth. The excess plant capacity available at the operations improves capital efficiency, therefore the Company expects a higher rate of return when developing these projects. At Eastern region, the same optionality exists as throughput increases.
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