GoldMining releases PEA for La Mina in Colombia

GoldMining releases PEA for La Mina in Colombia

GoldMining’s La Mina core warehouse. Image from GoldMining. The preliminary economic assessment forecasts the project will produce an average of 102,000 gold-equivalent ounces per year at an all-in sustaining cost of $697.8 per ounce. The project is also expected to produce over 165 million lb. copper and over 600,000 oz. silver, which are included in the gold-equivalent calculations.

At a 5% discount rate, the project would generate a post-tax net present value of $232 million and a post-tax internal rate of return of 14.5% using metal prices of $1,600 per oz. gold, $21 per oz. silver and $3.39 per lb. copper.

The project’s total capital cost is expected to be about $370.87 million.

“We are extremely pleased with the positive economics demonstrated by this PEA on La Mina,” Alastair Still, GoldMining’s CEO stated in a press release.“We are also highly encouraged by the opportunities to build upon this PEA, including drill-ready targets […]

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