Key results of the Feasibility Study include an initial capital investment of $2.5 billion and $356 million in sustaining capital over the 14 year mine life for a total life-of-mine (LOM) capital investment of $2.9 billion. Using current three year average prices of $2.80/lb of copper and $625/oz gold, the Feasibility Study shows an after-tax internal rate of return of 14.7% and a net present value of $1.1 billion when discounted at 8.0%. The mine site operating cost is estimated at $10.55/tonne of ore, or $0.76/lb copper, after gold credits, at a long term gold price of $625/oz. Annual metal production is estimated to be 203,000 tonnes of copper and 302,000 ounces of gold during our first five years of production, and 172,000 tonnes of copper and 313,000 ounces of gold over the entire 14 year LOM. Payback of the capital investment for the project occurs at 4.7 years.
Drill Results: Links
Drill Results: Maps