After-Tax NPV
5% of US$995 million, After-Tax IRR of 29%
Average Annual Gold Production of 335,000 ounces and AISC of US$577/oz in Years 1 through 9
VANCOUVER, BC, Jan. 20, 2021 /PRNewswire/ -
First Mining Gold Corp. ( First Mining or the
Company ) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce the positive results of a Pre-Feasibility Study ( PFS ) completed for its 100%-owned Springpole Gold Project (the Project or Springpole ) located in northwestern Ontario, Canada. The PFS results support a 30,000 tonnes-per-day open pit mining operation over an 11.3 year mine life.
PFS Highlights
US$1.5 billion pre-tax net present value at a 5% discount rate ( NPV
5% ) at US$1,600/oz gold ( Au ), increasing to US$1.9 billion at US$1,800/oz Au
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