#LatAm #Gold Producer @CerradoGold reports 94.8% IRR for Monte do Carmo #Brazil $CERT

Cerrado Gold came out with an updated PEA for its Brazilian Gold mine, Monte do Carmo. Some excellent numbers:

• After-Tax IRR of 94.8%, NPV5% US$617MM 

• Gold Production of 150,000 oz/yr. for first 5 years

• AISC of US$431/oz over first 5 years

• Low Initial Capex of US$126MM (incl. US$25MM contingency)

Here are some highlights and a comment from Mark Brennan, CEO. 

CERRADO GOLD REPORTS AFTER TAX NPV5% OF US$617 MILLION WITH AFTER TAX IRR OF 94.8% IN ITS UPDATED PRELIMINARY ECONOMIC ASSESSMENT AT ITS MONTE DO CARMO GOLD PROJECT IN BRAZIL 

It is “important to highlight the strength of the current status of the Monte do Carmo operation and also to highlight that while still less than 4 years into Cerrado’s existence, there is a long way to go and a lot of shareholder value to be created.”

 

- continue to drill aggressively at Monte do Carmo and expect to see an expanded resource base that should enable more production and more value to shareholders.

 

It is important to note that Monte do Carmo is still in the discovery phase and the project is still in its infancy.

 

- results of PEA show an extremely robust potential production scenario that would place Cerrado’s Monte do Carmo project amongst the lowest cost gold producers in the world using the first 5 years (AISC US$431) of its 8 year mine life while averaging approximately 150,000 ounces per year.

• After Tax NPV5% of US$617 MILLION 

• After Tax IRR of 94.8%

• Production of 150,000 ounces/year for first 5 years

• AISC of US$431/oz over the first 5 years

• Low Initial Capex of US$126 million (including US$25 million contingency)

• Payback 1.3 years

See the whole release here: https://c0fa6392-d308-44dd-a6f0-35d71f381b56.filesusr.com/ugd/c9f131_93d8edf3c13645f0b7a7fde2d8e4da94.pdf

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MasterMetals

@MasterMetals