Canadian Mining Journal

News

GOLD: Pretium reports on Brucejack feasibility

BRITISH COLUMBIA – Pretium Resources of Vancouver has filed the feasibility study for its Brucejack gold project near Stewart. A 2,700-t/d underground mine using longhole open stoping plus a mill combining conventional flotation and...



BRITISH COLUMBIA – Pretium Resources of Vancouver has filed the feasibility study for its Brucejack gold project near Stewart. A 2,700-t/d underground mine using longhole open stoping plus a mill combining conventional flotation and gravity concentration with a Q3 2016 production date are proposed.

The total initial capital cost is estimated to be $663.4 million. The sum includes $174.5 million to develop the underground mine and $80.1 million for the processing plant. Mining costs are estimated at $93.18 per tonne of ore milled, $18.16 for processing, plus contract material re-handling, general and administrative expenses, surface services, backfilling and water treatment total $156.46 per tonne.

Pretium puts the project at a net present value of US$2.69 billion (5% discount) and expects a 42.9% internal rate of return. The initial capital expense would be paid back in 2.1 years.

The feasibility study may be read in its entirety at Pretivm.com.


Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*