latin gold feasibility comparison

Sorted a few gold companies with projects at feasibility or finance/contruction phase with similar ball park stats to LAT to compare values against peers. Not a complete list at all just a few i can think of.

LAT has been discounted largely due to significant difficulties obtaining local permits in Peru for exploration and development but was awarded pre-development permits in July this year, the mining permit is still a key hurdle.

Company also disclosed that it had received unsolicited
approaches to invest in the project/company which were declined. Still a roughy but summary below gives a few ideas where LAT sits in terms of EV and capex/opex profile. Also backs up my comments on KGL.


LAT

Stage Feasibility
EV ~A$11M
Resources 6.2 Mt @ 1.7 Au eq
Capex US$30M (inc owner equipment and possible reduction in site location costs?)
Production 44 kozpa Au Eq
Cash Costs US$223/oz
Grade 1.6 g/t Au
Mine life 6 years
Capex Intensity ~US$682/oz


YTC (Hera)

Stage Feasibility
EV A$50M
Resources 1.8Mt @ 8.8 Au eq
Capex US$51M
Production 46kozpa Au Eq
Cash Costs A$360/oz
Mine life +7 years
Capex Intensity ~US$1109/oz


TRY (Casposo)

Stage Finance/Construction
EV A$144M
Resources 2.4Mt @ 7.9 Au eq
Capex US$74.5M (inc IAU payment)
Production 67kozpa Au Eq (higher with lower gold silver ratio)
Cash Costs US$90/oz Au Eq (likely lower or negative with silver)
Mine life 6 years
Capex Intensity ~US$1112/oz


KGL

Stage Finance
EV A$27M
Resources 19.2Mt @ 1.8 Au eq
Capex US$70.4M
Production 87 kozpa Au Eq
Cash Costs US$0/oz Au Eq (copper credits)
Mine life +8 years
Capex Intensity ~US$809/oz


KRM (Way Linggo)

Stage Construction
EV A$143M
Resources 0.67Mt @ 10.6 Au eq
Capex US$24M
Production 58 kozpa Au Eq (possibly higher from recent UG development)
Cash Costs US$143/oz Au Eq (silver credits)
Mine life +4 years
Capex Intensity ~US$414/oz


EVG (las lagunas)

Stage Finance
EV A$28M
Resources 5.1Mt @ 4.4 Au eq
Capex US$72.5M
Production 75 kozpa Au Eq
Cash Costs US$333/oz Au Eq (silver credits)
Mine life +6 years
Capex Intensity ~US$967/oz


RED (Siana)

Stage Finance
EV A$70M
Resources 5.1Mt @ 4.5 Au eq
Capex US$72.5M
Production 85 kozpa Au Eq
Cash Costs US$351/oz Au Eq
Mine life 10 years
Capex Intensity ~US$967/oz