Condor Gold (“CNR”) has announced completion of the La India Open Pit Feasibility Study (“FS”), an important milestone as CNR advances the project towards development. The headline results show a post-tax IRR of 23% and NPV of US$87m using a gold price of US$1,600/oz and 5% WACC. Initial capital expenditure is estimated at US$105m and all-in sustaining costs of US$1,039/oz for annual average output of 82kozpa gold for the first 6 years of an 8.4 year mine life. The FS provides a solid base again ....
12 Sep 2022
Condor Gold: Feasibility Study provides solid base despite cost pressure; further upsides still to be factored in
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Condor Gold: Feasibility Study provides solid base despite cost pressure; further upsides still to be factored in
Condor Gold plc (CNR:LON) | 25.2 0 0.0% | Mkt Cap: 50.5m
- Published:
12 Sep 2022 -
Author:
Roger Bell -
Pages:
4
Condor Gold (“CNR”) has announced completion of the La India Open Pit Feasibility Study (“FS”), an important milestone as CNR advances the project towards development. The headline results show a post-tax IRR of 23% and NPV of US$87m using a gold price of US$1,600/oz and 5% WACC. Initial capital expenditure is estimated at US$105m and all-in sustaining costs of US$1,039/oz for annual average output of 82kozpa gold for the first 6 years of an 8.4 year mine life. The FS provides a solid base again ....