St Barbara (ASX: SBM) announced on Tuesday the completion of the Pre-feasibility study of its 100% owned 15 Mile gold project, in Trafalgar, Nova Scotia.
According to the PFS, the project has an estimated capital cost of A$207 million ($133 million).
15 Mile is expected to have an all-in sustaining cost of $928/oz, and could produce between 55,000 oz./y and 60,000 oz./y over an 11-year mine life.
The PFS estimated a post-tax net present value of $127 million and a post-tax internal rate of return of 20.3%, using a long-term gold price of $1,092/oz.
The PFS was based on an ore reserve of 618,000 oz. of contained gold and a mineral resource of 836,000 oz of contained gold.
“With this strong PFS result, St Barbara will now focus on preparation of an updated environmental and social impact assessment for this new standalone design of the 15 Mile project,” said CEO Andrew Strelein.
St Barbara currently operates the Touquoy mine in Nova Scotia.
Shares of the miner rose 5% by 12:10 p.m. EDT. The company has a market capitalization of A$155 million ($99 million).
THIS ARTICLE WAS ORIGINALLY PUBLISHED ON MINING.COM
April 25, 2024
Comments
Georges Jr Bernier
Good Morning
Will the production per day will increase, and what will be the tonnage per day?
Will the company add more mining equipment to his fleet, and will they change size of equipment?
Thanks
Junior