Modern Mining February 2020

Scoping study highlights

Heap Leach Ore mined

1,5 mtpa (US$1 400)

4,2-million t

Strip ratio (waste: ore)

5,9

Grade

1,5 g/t

Mined gold

197 753 oz 138 427 oz

Produced gold

Recovery

70%

Average production per year

45 632 oz

Average AISC per year

US$942 / oz

Average free cash flow/ year

US$19,3-million

IRR

84%

NPV (8% discount) Pre-production capex

US$30,9-million US$20,6-million US$22,7-million

Total capex

any other gold mining destinations, Monro says the company is “keeping half an eye” on opportunities elsewhere. “We have a 1 200 km² land package in West Africa in highly prospective zones and we don’t want to lose focus on delivering value on these targets. However, if there is any other good opportunity elsewhere, we will be prepared to take it,” concludes Monro. 

States and Australia. “The opportunity to pick up large land packages in developed mining destina- tions is a lot harder. For us, a 1 200 km² of prospective land is a unique thing to have,” says Monro. Responding to whether Cora has its eyes on