Sandman PEA: $203M NPV, 104.9% IRR
Borealis Mining Company Ltd.'s Sandman in 12 miles NW of Winnemucca, Nevada, USA has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $203M, an after-tax IRR of 104.9%, and initial capital of $36M. The mine plan runs 9 years at about 37500 oz Au per year.
Borealis Mining Company Ltd.'s Sandman has reported Preliminary Economic Assessment (PEA) results for the gold project in 12 miles NW of Winnemucca, Nevada, USA. The study headlines an after-tax net present value of $203M at a 6% discount rate. It reflects Borealis Mining Company Ltd.'s (BOGO.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is $203M using a 6% discount rate. After-tax IRR is 104.9%. Initial capital expenditure is estimated at $36M. The study models a payback period of 1.1 years. All-in sustaining costs are pegged at 1823 USD/oz. Economics are based on $2,600/oz gold.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 9 years. Average annual production is approximately 37500 oz Au. Average head grade is 0.73 g/t gold.
Resources and ownership. Mineral resources: Indicated: 18,550,000 t @ 0.73 g/t Au = 433,000 oz; Inferred: 3,246,000 t @ 0.58 g/t Au = 60,800 oz.
These figures are extracted from Borealis Mining Company Ltd.'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.