Operations

Goliath Gold Project

Positive results from National Instrument 43-101 Preliminary Economic Assessment indicate a profitable open pit followed by underground (UG) mine. Please visit Technical Reports.
  • 10+ year total mine life;
  • 2500 tpd C.I.L Plant, producing 80,000 oz/year;
  • LOM average feed grade of 2.87 g/t Au and 9.30 g/t Ag;
  • $92 Million Capex, UG development supported by cash flows.
  • Total LOM capital cost of $200M
  • Mining Costs -- $3.01/t Open Pit, $60 /t UG, $15.80 Processing, Total of $700 Cash cost/oz;
  • After Tax NPV (5%) of $144.3M, IRR 32.4%, 2.8 year payback.
  • Pre-Tax values -- NPV $199.0M, IRR 39.3%, 2.2 year payback.
  • 9.3:1 overall stripping ratio (West pit 5:1 and Central Pit 6:1) Opportunity to lower in east pit with additional C-Zone ounces and surface ounces in main zone
The preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Positive results from National Instrument 43-101 Preliminary Economic Assessment indicate a profitable open pit followed by underground (UG) mine. Please visit Technical Reports.

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