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Integra Gold Corp. (TSXV:ICG) announced the results of an updated preliminary economic assessment (PEA) for its Lamaque gold project, located in Quebec.
Integra Gold Corp. (TSXV:ICG) announced the results of an updated preliminary economic assessment (PEA) for its Lamaque gold project, located in Quebec.
Highlights include:
- Base case pre-tax IRR of 77% and NPV (5% discount rate) of C$184.3M (after-tax IRR of 59% and NPV of C$113.5M) (1)
- Pre-production capital requirements reduced by C$7.3M from C$69.2M to C$61.9M
- Pre-production period reduced from 24 months to 18 months as a result of existing infrastructure and permits from the acquisition of the Sigma/Lamaque Mill and Mine Complex and the optimized mine plan for the North Zone
- Life of mine (‘LOM’) cash cost of C$551 per ounce and all-in sustaining costs of C$731 per ounce
- Updated Preliminary Economic Assessment (the ‘PEA’) uses the same mineral resource estimate as the previous PEA and does not incorporate drilling completed since April 2013 or any of the Sigma/Lamaque mineral resources obtained in the acquisition noted below
Click here to read the full Integra Gold Corp. (TSXV:ICG) press release.