Granite Creek Open Pit PEA: $421M NPV, 30% IRR
i-80 Gold Corp.'s Granite Creek Open Pit in Humboldt County, Nevada, USA has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $421M, an after-tax IRR of 30%, and initial capital of $274M. The mine plan runs 10 years at about 128.6 koz Au per year.
i-80 Gold Corp.'s Granite Creek Open Pit has reported Preliminary Economic Assessment (PEA) results for the gold project in Humboldt County, Nevada, USA. The study headlines an after-tax net present value of $421M at a 5% discount rate. It reflects i-80 Gold Corp.'s (IAU.TO) latest disclosed economics for the asset.
Economics. The after-tax NPV is $421M using a 5% discount rate. After-tax IRR is 30%. Initial capital expenditure is estimated at $274M. All-in sustaining costs are pegged at 1225 USD/oz. Economics are based on $2,175/oz Au (base case); also shown at $2,900/oz.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 10 years. Average annual production is approximately 128.6 koz Au. Average head grade is 1.25 g/t Au. Metallurgical recovery averages 86.6%.
Resources and ownership. Mineral resources: M&I: 1.4Moz @ 1.18 g/t Au; Inferred: 75koz @ 1.09 g/t Au. The company holds a 100% interest in the project.
These figures are extracted from i-80 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.