The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Romarco Minerals (TSX:R) announced Wednesday that it has filed an updated technical report for its Haile gold project.
Romarco Minerals (TSX:R) announced Wednesday that it has filed an updated technical report for its Haile gold project. Mineral resources and mineral reserves remain unchanged, but the report updates economics outlined in a previous feasibility study.
As quoted in the press release:
- Gold price increased from $950/oz to $1,250/oz.
- After-tax NPV at a 5% discount rate increased from $191 million to $329 million.
- After-tax IRR increased from 15.7% to 20.1%.
- Capital costs are now projected to be $333 million (including $17 million for contingency), of which approximately $31 million has already been paid. The increase in capital is primarily due to bringing forward some work that was previously projected to be sustaining capital, increased insurance amounts, refinements in the detailed engineering (which is now 85% complete), additional capital affiliated with permit requirements and increases in materials costs.
- Compared to capital costs of $275 million in the prior Technical Report (including $30 million for contingency), and the Company’s subsequently updated estimate of $320 million (including $30 million for contingency and $17 million for inflation).
- Sustaining capital is currently projected to be $139 million versus $119 million in the Feasibility Study. The bulk of the sustaining capital costs are for earthworks associated with tailings and overburden stockpile construction in respect of which unit rates for material moved have increased.
- Updated operating costs are $23.79/ton of ore processed and $476.94/oz produced (including refining costs and net of silver by-product credit). These costs represent a 26% increase from the Feasibility Study due to increased costs for labor and consumables and an increase in power (initial rate of $0.05/kWhr).
Click here to read the Romarco Minerals (TSX:R) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â