G Mining Ventures Unveils Comprehensive Feasibility Study Insights
G Mining Ventures Reveals Strong Feasibility Study for Oko West Project
G Mining Ventures Corp. is proud to share significant findings from its feasibility study (FS) regarding the Oko West Gold Project. This project demonstrates remarkable financial metrics, making it a vital prospect for the company's growth in the gold sector.
Exceptional Financial Metrics Highlighted
The after-tax Net Present Value (NPV) at a 5% discount is estimated at $2.2 billion, with an impressive Internal Rate of Return (IRR) of 27%. This analysis is based on a base case gold price of $2,500 per ounce, showcasing the project's financial viability.
At a higher gold price of $3,000 per ounce, the after-tax NPV increases to approximately $3.2 billion, with an IRR soaring to 35% and a payback period reduced to just 2.1 years. These metrics underscore the robust economics of the Oko West Gold Project.
Gold Production and Cost Efficiency
Over a lifespan projected at 12.3 years, the Oko West Project is expected to produce an average of 350,000 ounces of gold annually. This production level aims to achieve an All-In Sustaining Cost (AISC) of approximately $1,123 per ounce, further enhancing the project's attractiveness to investors.
Capital Investments and Job Creation
The initial capital expenditure is projected at $972 million, while sustaining capital costs are expected to reach $650 million throughout the mine's life. Such investment not only reflects confidence in the project's success but also promises substantial job creation. The Oko West Project is anticipated to generate around 1,270 direct permanent jobs, offering a significant boost to the local economy.
Progress on Environmental Permits
The early works construction is making notable progress following the approval of the Interim Environmental Permit. Anticipation builds as the final Environmental Permit is expected to be secured by the second quarter of 2025, with plans for a construction decision targeting the latter half of 2025. These steps are crucial for the timely advancement of the project.
About G Mining Ventures Corp.
G Mining Ventures Corp. is committed to advancing high-quality mining projects that yield strong economic returns while employing sustainable practices. The Oko West Gold Project exemplifies this commitment through its innovative approaches to extraction and community engagement.
Frequently Asked Questions
What is the Oko West Gold Project?
The Oko West Gold Project is a wholly-owned venture by G Mining Ventures Corp., situated in Guyana, designed for significant gold extraction and economic benefit.
What are the key financial metrics of the feasibility study?
The feasibility study indicates an after-tax NPV of $2.2 billion at a $2,500 gold price and $3.2 billion at $3,000 per ounce with impressive IRRs of 27% and 35%, respectively.
How much gold is expected to be produced annually?
The project is projected to yield an average annual production of 350,000 ounces of gold over a span of 12.3 years.
What is the expected job creation from the project?
The project is expected to create approximately 1,270 direct permanent jobs, contributing significantly to local employment.
What are the next steps for the Oko West Project?
The next steps include securing the final Environmental Permit and making a construction decision planned for the latter half of 2025.
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