Estrades PEA: C$212M NPV, 33% IRR
Galway Metals Inc.'s Estrades in Quebec, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$212M, an after-tax IRR of 33%, and initial capital of C$117M. The proposed mine plan runs 8 years.
Galway Metals Inc.'s Estrades has reported Preliminary Economic Assessment (PEA) results for the gold project in Quebec, Canada. The study headlines an after-tax net present value of C$212M at a 5% discount rate. It reflects Galway Metals Inc.'s (GWM.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is C$212M using a 5% discount rate. After-tax IRR is 33%. Initial capital expenditure is estimated at C$117M. The study models a payback period of 4.7 years. All-in sustaining costs are pegged at 1987 USD/oz. Economics are based on Long-term: Au $3,137/oz, Cu $4.51/lb, Zn $1.21/lb, Pb $0.91/lb, Ag $37.74/oz; Spot: Au $4,456/oz, Cu $5.95/lb, Zn $1.44/lb, Pb $0.93/lb, Ag $78.18/oz; USD:CAD 1.35 (LT) / 1.38 (spot).
Production and mine plan. The project envisions an underground operation. Life of mine is 8 years. Average head grade is Historical production: 6.4 g/t Au, 172.3 g/t Ag, 12.9% Zn, 1.1% Cu.
Resources and ownership. Mineral resources: Indicated: 1,750,000 t @ 0.97% Cu, 0.48% Pb, 5.76% Zn, 2.86 g/t Au, 94.4 g/t Ag; Indicated: 2,680,000 t @ 0.86% Cu, 0.28% Pb, 4.75% Zn, 1.81 g/t Au, 77.4 g/t Ag. The company holds a 100% interest in the project. Royalties and streams: DOWA JV: DOWA can earn up to 45% participating interest and up to 100% zinc offtake.
These figures are extracted from Galway Metals Inc.'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.