Anaconda Mining Files Updated Technical Report for the Goldboro Gold Project saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
Aura Minerals Inc. (TSX: ORA) (“
Aura” or the “
Company”) is pleased to announce that, based on the conclusion of a completed feasibility study (the “Study”) and detailed analysis by the management team, the Board of Directors of the Company has approved the development of the Almas Gold Project (“Almas” or “the Project”), an open pit gold mine located in the state of Tocantins, Brazil. The Almas Project is expected to be operational by the second half of 2022, with an after-tax total investment estimated at approximately US$73 million, yielding an after-tax net present value (“NPV”) of US$183 million when using the weighted average consensus gold prices for the projected period of US$1,558 per ounce. An upside scenario using a gold price of US$1,800 per ounce yields an after-tax internal rate of return (“IRR”) of 57% and after-tax NPV of US$260 million. Average annual gold production is estimated at 51,000 ounces during the first four years of the Proje
Treasury Metals Announces Positive Preliminary Economic Assessment for Goliath Gold Complex
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$477 Million pre-tax NPV
5%; pre-tax IRR OF 37.3% (post-tax $328 Million and 30.2%) at US$1,600 per ounce gold
TSX: TML OTCQX: TSRMF
Highlights
(all currencies are reported in Canadian dollars unless otherwise specified):
LOW CAPITAL INTENSITY PROJECT WITH PRE-PRODUCTION CAPITAL COST OF $233 MILLION AND PRE-TAX PAYBACK PERIOD OF LESS THAN 2 YEARS
ROBUST ECONOMICS WITH POST-TAX $328 MILLION NPV
5%; IRR OF 30.2%; AT US$1,600 PER OUNCE GOLD
MINE LIFE OF 13 YEARS, WITH AVERAGE ANNUAL GOLD PRODUCTION DURING FIRST 9 YEARS OF 102,000 OUNCES AND TOTAL LOM RECOVERED GOLD OF ~1.1 MILLION OUNCES
WORLD-CLASS INFRASTRUCTURE INCLUDES EXISTING HYDRO POWER, NATURAL GAS AND CP RAIL LINES PLUS TRANS-CANADA HIGHWAY