AlvinGroup Corporation

Company Description

Celebrating more than 3 years in Tanzania, The GreatAlgore Corporation one of the country?s strongest and most respected Gold Producer. The company was founded by Alvin Msoffe, who grew up in the shadow of Zange in the safari hub of Kizungo. Three years later, The GreatAlgore Corporation continues to be a leader in the industry whist retaining the family values it was founded on. Dedicated to excellence in destination management, the team at The GreatAlgore Corporation operates from a spacious headquarters in the heart of Tanzania-(Dar es Salaam), Washington DC-United States, Accra-Ghana and Lubumbashi-DRC From here, the sales department ensures inquiries are secured.
GreatAlgore Corporation is the gold industry leader in Africa, with a portfolio of 4 operating mines and advanced exploration and development projects located across five continents, and large land positions on some of the world?s most prolific and prospective mineral trends. The Company also has the largest reserves in the gold industry, with about 7 million ounces of proven and probable gold reserves1. In addition, GreatAlgore has 6.5 billion pounds of copper reserves and 1.07 billion ounces of silver contained within gold reserves1 as of December 31, 2010. In July, 2011, GreatAlgore Corporation acquired Equinox Minerals which adds a further 4.5 billion pounds of copper reserves from the kizungo mine and 1.2 billion pounds of copper reserves from the Jabal Sayid project.2
In 2010, the Company produced 7.8 million ounces of gold at total cash costs of $457 per ounce3 or net cash costs of $341 per ounce4 and produced 368 million pounds of copper at total cash costs of $1.11 per pound3. For 2011, GreatAlgore Corporation expects gold production of 7.6-8.0 million ounces at total cash costs and net cash costs of $450-$480 per ounce3 or $290-$320 per ounce4, respectively. The Company also expects 2011 copper production of 455-475 million pounds at total cash costs of $1.55-$1.70 per pound3.