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Posted On: 06/16/2017 8:56:21 AM
Post# of 21199
$PGLC / $T.PGLC Mine Development Associates is recommending that the company advance the project to production. The company is now considering preconstruction programs leading up to construction and a restart of the mine in 2018.
Some of the highlights include an upgraded resource that includes Proven and Probable (2P) reserves of 634,000 ounces (634 Koz) of gold and 1.6 million ounces (1.6 Moz) of silver. We also announced a mine plan and financial model that contemplates annual production from this project of over 90 Koz/year and over the mine life of six years, at cash costs of $770 per ounce ($770/oz) and all-in sustaining costs of $802/oz. So the Relief Canyon project is a robust project. This prefeasibility study estimates a net present value (NPV) of $144 million ($144M) and an internal rate of return of 89%.
http://www.theaureport.com/pub/na/will-relief...-in-nevada
Some of the highlights include an upgraded resource that includes Proven and Probable (2P) reserves of 634,000 ounces (634 Koz) of gold and 1.6 million ounces (1.6 Moz) of silver. We also announced a mine plan and financial model that contemplates annual production from this project of over 90 Koz/year and over the mine life of six years, at cash costs of $770 per ounce ($770/oz) and all-in sustaining costs of $802/oz. So the Relief Canyon project is a robust project. This prefeasibility study estimates a net present value (NPV) of $144 million ($144M) and an internal rate of return of 89%.
http://www.theaureport.com/pub/na/will-relief...-in-nevada
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