Eldorado Gold Corporation filed an updated technical report for its McIlvenna Bay Project, reporting positive economics with a pre-tax NPV of $742.8M at a 7% discount rate.
Key takeaways
Mineral reserves estimated at 29.7 million tonnes grading 1.21% Cu and 2.17% Zn.
Life-of-mine average operating costs of $95.08 per tonne processed.
Pre-production capital expenditure of $987.4M, with $635.0M remaining to complete.
Pre-tax IRR of 23% and after-tax IRR of 23% with a payback period of 3.8 years.
Project includes a 4,900 tpd underground mine and processing plant producing copper and zinc concentrates.