Granite Creek Underground PEA: $155M NPV, 84% IRR
i-80 Gold Corp.'s Granite Creek Underground in Humboldt County, Nevada, USA has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $155M and an after-tax IRR of 84%. The mine plan runs 8 years at about 59.6 koz Au per year.
i-80 Gold Corp.'s Granite Creek Underground 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 $155M 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 $155M using a 5% discount rate. After-tax IRR is 84%. All-in sustaining costs are pegged at 1597 USD/oz. Economics are based on $2,175/oz Au (base case); also shown at $2,900/oz and $3,000/oz.
Production and mine plan. The project envisions an underground operation. Life of mine is 8 years. Average annual production is approximately 59.6 koz Au. Average head grade is 11.6 g/t Au. Metallurgical recovery averages 78%.
Resources and ownership. Mineral resources: M&I: 261koz @ 10.5 g/t Au; Inferred: 326koz @ 13.0 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.