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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 ....
Western Alaska Copper & Gold Announces Resource Estimate for the Illinois Creek Project News provided by Share this article TUCSON, Ariz., Feb. 3, 2021 /CNW/ - Western Alaska Copper & Gold (the Company or WAC&G ) is pleased to announce a Mineral Resource Estimate (MRE), for the Illinois Creek Project ( Illinois Creek ). The MRE has been prepared by Robert Sim, of SIM Geological Inc., and Bruce Davis, PhD of BD Resource Consulting, Inc. In addition to the MRE, Deepak Malhotra, PhD of Pro Solv, LLC has been retained to provide expertise for the Mineral Processing and Metallurgical Testing and Jack DiMarchi of Core Geoscience LLC is providing direction for the Environmental and Permitting requirements for the future evolution of this exciting project. ....