According to a 2019 preliminary economic assessment, the project would have a mine life of 24 years and an initial preproduction capex of C$378 million, producing 1.5 million oz. gold in its first 10 years.
A C$232 million expansion in year 11 (to 8.4 million t/y from 4.2 million t/y) would be financed from cash flow and bring total production to 4.5 million oz. over the life of mine.
Gran Colombia’s Segovia produced more than 220,000 oz. of gold last year.
(This article first appeared in the Canadian Mining Journal)
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