- Red Eagle Mining is developing the fully permitted Santa Rosa Gold Project in Colombia, with initial production expected in 2016. - The project has proven and probable reserves of 405,000 ounces of gold at 5.2 g/t. The feasibility study estimates average annual production of 70,000 ounces at an all-in sustaining cost of $763/oz and an after-tax IRR of 32-53% depending on the gold price. - Construction is underway, with mine development, plant construction, and power and site infrastructure nearing completion to enable initial production later this year.