Ariana has today announced an updated economic model for its 100% owned Dokwe (North) gold project in Zimbabwe. Using a gold price of $2,750/oz (still lower than current spot at +$3,300/oz) the project generates a post-tax NPV10 of $354m and an IRR of 75% - at a peak capital funding requirement of $82m and an AISC of $1,144/oz and producing, on average, up to 76koz gold per year. The project is very robust with a breakeven gold price of only $1,329/oz for a 10% return – a gold price not seen sin ....
