Gold development company First Mining has announced the results of a preliminary economic assessment (PEA) for its Duparquet mine, in Quebec, putting an initial capital cost of C$706-million on the development. Sustaining and underground development costs are estimated at a further C$738-million, for total capital of C$1.44-billion. The PEA calculated an aftertax net present value, using an 5% discount, of C$588-million and an internal rate of return of 18%.
Gold development company First Mining has announced the results of a preliminary economic assessment for its Duparquet mine, in Quebec, putting an initial capital cost of C$706-million on the development.
The PEA calculated an after-tax net present value, using a 5% discount, of C$588-million and an internal rate of return of 18%. "The +200 000 oz per year production profile, attractive capital and operating cost profile and strategic location of the deposit in the heart of the Abitibi gold belt all contribute to the recognition of Duparquet as one of the most meaningful development projects in Canada,” said CEODuparquet currently hosts 2.7-million ounces of gold in the inferred mineral resource category.
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