Centro Gold to go ahead?

CENTRO GOLD

• 2.5 Mt/pa production for 129,900 Oz/pa Gold (85,435 Oz to 175, 365 Oz) per annum 4
• • 170,300 Oz per year for first three years
• • Approximate $445.5 Million Life of Mine (LOM) net cash flow ($330M to $601M) 5
• • Pre-production CapEx of approximately $108 Million 5
• • Approximate pre-Tax NPV10 $231.6 Million ($172M to $313M) 6,7
• • Approximate pre-Tax IRR 73% (47% to 99%) 6,8
• • Capital Payback < 24 months
• • Approximate AISC cost First 3 Years $587/Oz gold 5
• • Approximate AISC cost LOM $862/Oz gold 5
• • Initial Life of mine (LOM) of Period under study or LOM 11 years

The price of gold is soaring. The Brazilian Govt is cash strapped and right wing, they are even approving mining on native lands.
Centro gold was acquired from Avanco in the TO. It is one of the largest undeveloped high-grade gold deposit in Brazil.

https://www.ozminerals.com/operations/centrogold/