Project

Key Features

  • Gold Resource (@ 0.15 g/t economic cut-off): 3.8 Million ounces Measured & Indicated plus 4.1 Million ounces Inferred
  • Preliminary Economic Assessment (PEA) for the First Zone released in April 2017
  • Base case pre-tax NPV of C$597M; IRR 21% (@US$1250 gold price) with payback under 4 years
  • 24 years mine life with annual production of 142,000 ounces for the first 10 years
  • Multi-million ounce Second Zone can expand and extend production profile for decades
  • Cooperation agreements signed with three separate First Nation bands
  •  Project economics remain robust at lower gold price environment

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