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Press Release - MINING.COM mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Press Release - MINING.COM mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Treasury Metals Raising C$17.5M, Advancing Goliath-Goldlund to PFS Posted by PublisherInternet Wednesday, 24. February 2021 After acquiring the neighbouring Goldlund open pit project from First Mining Gold, Treasury Metals (TML.TO, TSRMF.US) has been busy ever since to integrate both projects into a single open pit-underground project with synergies whenever possible. After hiring Ausenco, a reputable engineering firm, and appointing a new President and CEO, Jeremy Wyeth, who has lots of experience in building mines, the company worked diligently for 6 months on an integrated Preliminary Economic Assessment (PEA) for both projects. From his bio, Wyeth seems the right man in the right place, considering his background. The highlight of his career is undoubtedly the development, construction, commissioning and ramp up of the Victor Diamond Mine in Northern Ontario, owned by De Beers. He took the Victor project from Preliminary Feasibility Study (PFS) to nameplate capacity. ....
Treasury Metals Announces Positive Preliminary Economic Assessment for Goliath Gold Complex News provided by Share this article $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 ....