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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