At the recent Vancouver Resource Investment Conference, Kaminak Gold CEO Eira Thomas stopped by to chat about the company’s recently released feasibility study for the Coffee gold project in Canada’s Yukon.
At the recent Vancouver Resource Investment Conference, Kaminak Gold (TSXV:KAM) CEO Eira Thomas stopped by to chat about the company’s recently released feasibility study for the Coffee gold project in Canada’s Yukon.
Kaminak released its feasibility study on January 6, and market watchers and analysts were pleased with the results. For Thomas, the biggest takeaway from the study is that the Coffee project “really works in the current pricing environment.”
“We used conservative assumptions,” she said. “We used a 78-cent dollar and a US$1,150 gold price, and we basically came out with a project that generates $455 million of net present value on an after-tax basis, a 37-percent IRR and we’re able to pay back our capital on that project in under two years, and we’ve got a good long mine life of about 10 years. So it’s really robust and high margin.”
She also spoke about what’s led to the company’s success so far, as well as what to expect from Kaminak in 2016. Watch the video above for more of that Thomas had to say.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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