Mexican Mining

[Lone Clone]

Geologix Announces Tepal Preliminary Economic Assessment: US$169M After-Tax NPV (5%) and 24% IRR Using US$1,250/oz. Gold Price and US$2.50/lb Copper Price With US$214M Initial Capex

- Pre-tax: NPV5% of $299 million and 36% IRR with a 1.6-year payback period
- After-tax: NPV5% of $169 million and 24% IRR with a 2.3-year payback period
- Production averages 79,000 oz. of gold and 32 Mlbs of copper over a 10-year mine life
- Life of mine ("LOM") average cash cost of $313/oz. gold and LOM average cash cost plus sustaining cost of $396/oz. gold (net of copper and silver by-product credits)
- Initial capital costs estimated at $214 million with a 2-year pre-production period
- LOM sustaining and closure capital costs estimated at $87 million
- Base case metals prices: $1,250/oz. for gold, $2.50/lb for copper, $18.00/oz. for silver Thursday, January 19, 2017

http://www.theglobeandmail.com//globe-investor/news-sources/?date=20170119%20&archive=ccnm&slug=201701191083180001

06:30 EST Thursday, January 19, 2017