Castelo de Sonhos Gold Project
The 2021 PFS outlined an 11-year open pit operation with compelling economics at US$1,550 per oz. gold with a low cost base and strong leverage to the gold price.
- Life of mine gold reserves of 1.4Moz
- LOM average production of 121koz per year in two phases
- AISC of $900 per oz
- IRR pre-tax of 33%, after-tax of 28%
- After-tax payback period of less than 3 years
- Initial capital of US$261M – incl. 20% contingency