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Properties Kensington - Leading Coeur's Growth in Gold Coeur's next leap in gold production is Kensington in Alaska, where the mine is expected to produce as much as 150,000 ounces of gold annually in its early years of production. Current proven and probable reserves at the property, located 45 miles north of Juneau, measure 1.35 million ounces. Since 2005, Coeur's drilling program has converted approximately 300,000 ounces of gold mineral resources to reserves. This has involved additional in-fill drilling to delineate higher-grade sections of the deposit that might be mined in the earlier years of the operation.
Once in production, currently estimated for late 2007, the Kensington mine is expected to have a per-ounce cash cost of approximately $310. Direct construction cost is estimated at approximately $238 million
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