Why you need a lot less ounces to put a mine into production in Newfoundland

Yukon prospector Shawn Ryan said smaller mines are possible in Newfoundland due to the good infrastructure. On Friday Ryan recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris.Ryan is behind some of the most successful discoveries in the Yukon, such as the Coffee project, which was eventually picked up by Goldcorp for over C$520 million. Ryan is currently chief technical advisor for White Gold, as well as technical advisor at GroundTruth Exploration, a 200-person strong exploration firm in the Yukon. "I'm used to working in the Yukon where we're remote, but here remote is 10 miles off the road and 10 miles from a high-powered transmission line," said Ryan. So it's kind of a dream for me, and as a prospector I don't have to find 2 to 3 million ounces to put a mine into production [in Newfoundland]. We're starting to see is these maritime guys put 600,000, 700,000 ounce into production."