Paramount Gold Announces Results of Feasibility Study for the Grassy Mountain Gold Project
Paramount Gold released an updated feasibility study for its Grassy Mountain project, showing an after-tax NPV of $374.7 million and an IRR of 38.9% at a base-case gold price of $3,600/oz. The study reflects a 7% increase in recoverable gold ounces to 385,800 and extends the mine life to 9.3 years, with total proven and probable reserves of 405,000 ounces. At an upside gold price of $4,618/oz, the NPV rises to $608.6 million with an IRR of 55.4%, highlighting significant leverage to gold prices.
Key figures
- Mine life
- 9.3 years
- Gold reserves
- 405000
- Initial capex
- 189800000
- Irr base case
- 38.9%
- Npv base case
- 374700000
- Irr upside case
- 55.4%
- Npv upside case
- 608600000
- Sustaining capex
- 65100000
- Payback base case
- 2.2 years
- Aisc net of silver
- 1442
- Payback upside case
- 1.4 years
- Annual gold production
- 41400
- Annual silver production
- 51500
- Gold price assumption base
- 3600
- Gold price assumption upside
- 4618
- Silver price assumption base
- 48
- Silver price assumption upside
- 74
- Gold resources measured indicated
- 1360000
AI analysis
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