Mineral Point Open Pit PEA: $614M NPV, 12% IRR
i-80 Gold Corp.'s Mineral Point Open Pit in Ruby Hill, Eureka County, Nevada, USA has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $614M and an after-tax IRR of 12%. The mine plan runs 17 years at about 282 koz AuEq per year.
i-80 Gold Corp.'s Mineral Point Open Pit has reported Preliminary Economic Assessment (PEA) results for the gold project in Ruby Hill, Eureka County, Nevada, USA. The study headlines an after-tax net present value of $614M 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 $614M using a 5% discount rate. After-tax IRR is 12%. All-in sustaining costs are pegged at 1400 USD/oz. Economics are based on $2,175/oz Au & $27.25/oz Ag (base case); also shown at $2,900/oz Au & $32.75/oz Ag, and $3,000/oz Au & $35.00/oz Ag.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 17 years. Average annual production is approximately 282 koz AuEq.
Resources and ownership. Mineral resources: Indicated: 3.4Moz @ 0.48 g/t Au, 104.3Moz @ 15.0 g/t Ag; Inferred: 2.1Moz @ 0.34 g/t Au, 91.5Moz @ 14.6 g/t Ag. 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.