Ontario Focused Harte Gold News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Harte Gold has announced plans to go ahead with an expansion of its Sugar Zone mine to 1,200 t/d, from the current 800 t/d throughput, based on strong feasibility study economics.
The latest study suggests that an incremental $21 million in expansion capital could grow throughputs by 50% starting in the first quarter of 2023. As a result, annual gold production would average 98,700 oz. between 2023 and 2027. All-in sustaining costs are forecast to drop down to an average of US$1,025 per oz. in those five years – this year’s AISC guidance stands at US$1,400 to US$1,550 per oz.
According to the feasibility, this expansion would deliver strong returns: the differential cash flows between the current and expanded scenarios deliver an after-tax net present value estimate of $332 million, at a 5% discount rate and based on an average gold price of US$1,709 per oz. between 2021 and 2029. The after-tax internal rate of return for this expansion is pegged a ....

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