Gowganda Tailings (Miller Lake-O'Brien) Feasibility Study: C$2M NPV, 49.3% IRR
Nord Precious Metals Mining Inc.'s Gowganda Tailings (Miller Lake-O'Brien) in Ontario, Canada has a Feasibility Study outlining a pre-tax NPV of C$2M, a pre-tax IRR of 49.3%, and initial capital of C$5M. The mine plan runs 7 years at about 0.325 Moz Ag per year.
Nord Precious Metals Mining Inc.'s Gowganda Tailings (Miller Lake-O'Brien) has reported Feasibility Study results for the silver project in Ontario, Canada. The study headlines a pre-tax net present value of C$2M at a 15% discount rate. It reflects Nord Precious Metals Mining Inc.'s (NTH.V) latest disclosed economics for the asset.
Economics. The pre-tax NPV is C$2M using a 15% discount rate. Pre-tax IRR is 49.3%. Initial capital expenditure is estimated at C$5M. Economics are based on US$12/oz Ag (base case).
Production and mine plan. The project envisions a tailings reprocessing operation. Life of mine is 7 years. Average annual production is approximately 0.325 Moz Ag. Average head grade is 1.43 oz/t Ag (49 g/t Ag equivalent). Metallurgical recovery averages 85%.
Resources and ownership. Mineral resources: 1,827,000 tons proven tailings @ 1.43 oz/t Ag (historic). The company holds a 100% interest in the project.
These figures are extracted from Nord Precious Metals Mining Inc.'s technical disclosures and reflect the most recent Feasibility Study 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.