Lawyers-Ranch PFS: $2.37B NPV, 54.4% IRR
Thesis Gold Inc.'s Lawyers-Ranch in Toodoggone Mining District, Northern British Columbia, Canada has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $2.37B, an after-tax IRR of 54.4%, and initial capital of $736M. The mine plan runs 15 years at about 187000 koz AuEq per year.
Thesis Gold Inc.'s Lawyers-Ranch has reported Pre-Feasibility Study (PFS) results for the gold-silver project in Toodoggone Mining District, Northern British Columbia, Canada. The study headlines an after-tax net present value of $2.37B at a 5% discount rate. It reflects Thesis Gold Inc.'s (TAU.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is $2.37B using a 5% discount rate. After-tax IRR is 54.4%. Initial capital expenditure is estimated at $736M, with life-of-mine sustaining capital of $789M. The study models a payback period of 1.1 years. All-in sustaining costs are pegged at 1185 USD/AuEq oz. Economics are based on Au US$2,900/oz, Ag US$35/oz.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 15 years. Average annual production is approximately 187000 koz AuEq. Average head grade is 1.68 g/t AuEq first 5 yrs; 1.31 g/t AuEq LOM. Metallurgical recovery averages 92.8%.
Resources and ownership. Mineral reserves: P&P Reserves: 3.2 Moz AuEq. Mineral resources: M&I Resources (incl. Reserves): 4.6 Moz AuEq at 1.21 g/t; Inferred: 0.6 Moz AuEq. The company holds a 100% interest in the project. Royalties and streams: Royal Gold NSRs: 0.5% at Lawyers, 2% at Ranch.
These figures are extracted from Thesis Gold Inc.'s technical disclosures and reflect the most recent PFS 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.