Duparquet Gold Project PEA: $588M NPV, 18% IRR
First Mining Gold Corp.'s Duparquet Gold Project in Quebec, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $588M, an after-tax IRR of 18%, and initial capital of $706M. The mine plan runs 11 years at about 233 koz Au per year.
First Mining Gold Corp.'s Duparquet Gold Project has reported Preliminary Economic Assessment (PEA) results for the gold project in Quebec, Canada. The study headlines an after-tax net present value of $588M at a 5% discount rate. It reflects First Mining Gold Corp.'s (FF.TO) latest disclosed economics for the asset.
Economics. The after-tax NPV is $588M using a 5% discount rate. After-tax IRR is 18%. Initial capital expenditure is estimated at $706M, with life-of-mine sustaining capital of $738M. The study models a payback period of 4.8 years. All-in sustaining costs are pegged at 976 USD/oz. Economics are based on Gold: US$1,800/oz; FX: 1.33 (C$:US$).
Production and mine plan. The project envisions an open-pit & underground operation. Life of mine is 11 years. Average annual production is approximately 233 koz Au. Average head grade is 1.51 g/t Au. Metallurgical recovery averages 89.5%. The open-pit strip ratio is 5.4:1.
Resources and ownership. Mineral resources: Indicated: 69,206,300 t at 1.55 g/t Au totalling 3,440,600 oz Au; Inferred: 50,822,000 t at 1.62 g/t Au totalling 2,640,500 oz Au. The company holds a 100% interest in the project.
These figures are extracted from First Mining Gold Corp.'s technical disclosures and reflect the most recent PEA on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.