Volcan Gold Project PEA: $1.51B NPV, 29% IRR
Tiernan Gold Corp.'s Volcan Gold Project in Chile, Atacama Region, Maricunga Gold Belt, Copiapo Province has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $1.51B, an after-tax IRR of 29%, and initial capital of $1.02B.
Tiernan Gold Corp.'s Volcan Gold Project has reported Preliminary Economic Assessment (PEA) results for the gold project in Chile, Atacama Region, Maricunga Gold Belt, Copiapo Province. The study headlines an after-tax net present value of $1.51B at a 5% discount rate. It reflects Tiernan Gold Corp.'s (TNGD.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is $1.51B using a 5% discount rate. After-tax IRR is 29%. Initial capital expenditure is estimated at $1.02B. All-in sustaining costs are pegged at 1094 USD/oz. Economics are based on Base case $2,400/oz Au per NPV5% sensitivity table (post-tax NPV shown for various gold prices).
Production and mine plan. The project envisions an open-pit operation. Average annual production is approximately 330 koz Au. Average head grade is 0.63 g/t Au. Metallurgical recovery averages 64.2%. The open-pit strip ratio is 1.5:1.
Resources and ownership. Mineral resources: Measured: 123,979 kt @ 0.700 g/t Au (2,792 koz); Indicated: 339,274 kt @ 0.643 g/t Au (7,013 koz); M&I: 463,253 kt @ 0.658 g/t Au (9,804 koz); Inferred: 75,018 kt @ 0.516 g/t Au (1,246 koz). The company holds a 100% interest in the project. Royalties and streams: 1.5% NSR on gold and copper production from Volcan concessions to Franco Nevada (registered July 2023); ROFR on future royalties/streams; option to acquire additional 1% royalty at board-approved construction decision.
These figures are extracted from Tiernan 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.