May 15th, 2018
View PDF
After-tax NPV5 of $143.0M & 48% IRR
All figures are in United States of America dollars unless otherwise stated.
PREMIER GOLD MINES LIMITED (TSX: PG) (“Premier”, “the Company”) is
pleased to announce the Preliminary Economic Assessment (“PEA”) of its
100% owned Cove Project (the “Project”) located near Battle Mountain,
Nevada.
Highlights of the PEA results and life-of-mine plan (“LOM”) include:
After-tax NPV5 of $143.0 million, and an after-tax internal rate of return (“IRR”) of 48%
Average operating costs of $199/ton, Cash Cost of $788/oz Au and All-in Sustaining Cost (AISC)(i) of $897/oz Au
Indicated mineral resources of 1,045,000 tons at 0.327 oz/t Au and 0.861 oz/t Ag for 342,000 ounces of gold and 900,000 ounces of silver
Inferred mineral resources of 4,032,000 tons at 0.328 oz/t Au and 0.609 oz/t Ag for 1,322,000 ounces of gold and 2,457,000 ounces of silver
Metallurgical recoveries of 82.7% for gold and 21.6% for silver
LOM gold production of 740,000 ounces during 8 years of operations
Average LOM annual gold production of 92,400 ounces
LOM capital cost of $114.4 million after pre-development costs of $25.8 million
Mine construction capital of $46.6 million
After-tax payback period of 4 years
https://www.premiergoldmines.com/news/press-releases/premier-announces-pea-results-on-the-cove-project
https://www.premiergoldmines.com
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
PG is a great gold producer -
when over $3.- more can margin it
and more funds will enter -
the bargain share price will move higher faster smile)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140537151
God Bless America
- God Bless
Recent IAU News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:39:13 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/03/2023 06:38:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/04/2023 06:19:26 PM
- i-80 Gold Announces High-Grade Results from Underground Drilling at Cove • PR Newswire (Canada) • 06/07/2023 10:00:00 AM
- i-80 Gold Announces High-Grade Results from Underground Drilling at Cove • PR Newswire (US) • 06/07/2023 10:00:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM