SolGold has released the results for its long awaited Preliminary Economic Assessment (PEA). The PEA statistics are impressive, the size of the operation and the scale of the capex are both large. The operation will be underground and using block caving. Four scenarios have been suggested; ranging from 40Mtpa to 60Mtpa, mine life from 66 to 49 years. SOLG plans to mine c.200kt of copper, c.440koz of gold and 1.4Moz of silver per year, for the first 25 years of operations.
20 May 2019
PEA Results announced
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PEA Results announced
SolGold Plc (SOLG:LON) | 8.8 0 1.0% | Mkt Cap: 265.0m
- Published:
20 May 2019 -
Author:
Charles FitzRoy -
Pages:
2
SolGold has released the results for its long awaited Preliminary Economic Assessment (PEA). The PEA statistics are impressive, the size of the operation and the scale of the capex are both large. The operation will be underground and using block caving. Four scenarios have been suggested; ranging from 40Mtpa to 60Mtpa, mine life from 66 to 49 years. SOLG plans to mine c.200kt of copper, c.440koz of gold and 1.4Moz of silver per year, for the first 25 years of operations.