That’s worth more than my house!
Senior Consultants Sylvan Robb and Jana Peirce got their hands on a lot of gold at yesterday’s tour of the Kinross Fort Knox mine outside Fairbanks. At yesterday’s gold price, the 22 pound mini-bar was worth $318,116.21. Fort Knox has grown substantially since the economic impact assessment Information Insights conducted in 2001. The mine now employs over 500 people in the Fairbanks North Star Borough. Most interesting fact of the day: the mine has to crush and process 1 ton of very low-grade ore to make just $20 so efficiency is important in every aspect of the operation. The company also touts its impressive safety record: over 3.5 million consecutive man-hours worked without a lost-time accident.
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