| | | Various relevant criteria are considered in order to assess when
the mine is substantially complete and ready for its intended use and to move
into the production phase. Some of the criteria would include but are not
limited to the following:
- the level of capital expenditure compared to the total project cost
estimates;
- the ability to produce gold in a saleable form (where more than an
insignificant amount of gold has been produced); and
- the ability to sustain the on-going production of gold.
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