Golden Minerals Releases Updated PEA for Velardeña Property

- April 2nd, 2020

Golden Minerals announced the release of an updated preliminary economic assessment for its silver-gold Velardeña property. 

Golden Minerals (TSX:AUMN,NYSEAMERICAN:AUMN) announced the release of an updated resource estimate and updated preliminary economic assessment (PEA) for its silver-gold Velardeña property in Mexico.

Highlights of the PEA are as follows:

  • Pre-tax net present value (“NPV”): (US)$85.9 million at an 8% discount rate
  • Pre-tax Internal rate of return (“IRR”): 138.6%
  • Pre-tax Payback period: 1 year
  • Total pre-production capital cost: $10.27 million, including 10% contingency*
  • Post-production and sustaining capital: $15.93 million, including 10% contingency
  • Pre-production development time: 1 year
  • Life of mine (“LOM”): 10 years
  • LOM contained silver: 12.3 Moz; LOM contained gold: 188 Koz
  • LOM average silver grade: 337 grams per tonne (“g/t”); LOM average gold grade: 5.15 g/t
  • LOM pre-tax free cash flow: $130.2 million
  • LOM payable silver: 10.2 Moz; LOM payable gold production: 119 Koz
  • LOM payable Ageq: 19.7 Moz (Au and Ag only at a ratio of 80Ag:1Au)

Click here for the full Golden Minerals (TSX:AUMN,NYSEAMERICAN:AUMN) press release.

Get the latest Gold Investing stock information

Get the latest information about companies associated with Gold Investing Delivered directly to your inbox.

Gold Investing

Select None
Select All

Leave a Reply