Spanish Mountain Gold Project PEA: C$1.00B NPV, 18.2% IRR
Spanish Mountain Gold Ltd.'s Spanish Mountain Gold Project in Canada, British Columbia (Cariboo District) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$1.00B and an after-tax IRR of 18.2%. The mine plan runs 24.5 years at about 203000 oz Au per year.
Spanish Mountain Gold Ltd.'s Spanish Mountain Gold Project has reported Preliminary Economic Assessment (PEA) results for the gold project in Canada, British Columbia (Cariboo District). The study headlines an after-tax net present value of C$1.00B at a 5% discount rate. It reflects Spanish Mountain Gold Ltd.'s (SPA.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is C$1.00B using a 5% discount rate. After-tax IRR is 18.2%. The study models a payback period of 3.4 years. Economics are based on US$2,450/oz Au and US$28.50/oz Ag (base case); US$3,300/oz Au and US$36/oz Ag (spot case).
Production and mine plan. The project envisions an open-pit operation. Life of mine is 24.5 years. Average annual production is approximately 203000 oz Au.
Resources and ownership. Mineral resources: M&I: 292.1 Mt @ 0.44 g/t Au for 4.16 Moz Au; Inferred: 40.3 Mt @ 0.40 g/t Au for 0.51 Moz Au. The company holds a 100% interest in the project.
These figures are extracted from Spanish Mountain Gold 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.