GoldMining files Sao Jorge Brazil PEA with after-tax NPV5% of USD 532 million
GLDG•São Jorge preliminary economic assessment filed
GoldMining filed an NI 43-101 technical report with a preliminary economic assessment for the São Jorge gold project in Pará state, Brazil.
Base case economics at a USD 3,500/oz gold price show an after-tax NPV (5%) of USD 532 million and an after-tax IRR of 42.4%.
At USD 4,400/oz gold, the company said after-tax NPV (5%) rises to USD 836.8 million, with an IRR of 58.6% and an initial payback of 2.4 years.
Initial capital is estimated at USD 202 million, including a 25% contingency, for an open-pit plan with 5,500 tonnes/day processing.
Mine life is estimated at 10.6 years, with average production of 51,250 oz/year and life-of-mine AISC of USD 1,464/oz.
