Springpole Gold Project PFS: $2.10B NPV, 40.8% IRR
First Mining Gold Corp.'s Springpole Gold Project in Ontario, Canada has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $2.10B, an after-tax IRR of 40.8%, and initial capital of $1.10B. The mine plan runs 9.4 years at about 281 koz Au per year.
First Mining Gold Corp.'s Springpole Gold Project has reported Pre-Feasibility Study (PFS) results for the gold project in Ontario, Canada. The study headlines an after-tax net present value of $2.10B at a 5% discount rate. It reflects First Mining Gold Corp.'s (FF.TO) latest disclosed economics for the asset.
Economics. The after-tax NPV is $2.10B using a 5% discount rate. After-tax IRR is 40.8%. Initial capital expenditure is estimated at $1.10B, with life-of-mine sustaining capital of $323M. The study models a payback period of 1.8 years. All-in sustaining costs are pegged at 938 USD/oz. Economics are based on Gold: US$3,100/oz; Silver: US$35.50/oz; FX: 0.74.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 9.4 years. Average annual production is approximately 281 koz Au. Average head grade is 0.94 g/t Au. Metallurgical recovery averages 86%. The open-pit strip ratio is 3.0:1.
Resources and ownership. Mineral reserves: Probable Reserves of 102 Mt at 0.94 g/t Au totalling 3.1 Moz Au, and 4.9 g/t Ag totalling 16.1 Moz Ag. Mineral resources: M&I: 191 Mt at 0.78 g/t Au totalling 4.8 Moz Au, plus Ag resources; Inferred: 64 Mt at 0.38 g/t Au totalling 0.8 Moz Au, plus Ag resources. The company holds a 100% interest in the project.
These figures are extracted from First Mining Gold Corp.'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.