Die kanadische Junior-Firma Kaminak Gold (TSX-V:KAM) steigt in der kanadischen Goldminen-Branche zum Projekt-Entwickler auf. Kaminak gab heute eine ansehnliche, vorläufige Wirtschaftlichkeits-Schätzung für das Flaggschiff-Projekt Coffee im Yukon bekannt.
Die soliden, ökonomischen Daten, die bei einem Goldpreis von 1.250 USD/Oz durch die Bank attraktiv aussehen - Decent NPV + Size + Mine Life, moderate CAPEX + PayBack, Good Recoveries + Solid Metallurgy, strong IRRs im Base + Low(er) Case - könnten dafür sorgen, dass das Investoren-Interesse im tief gefallenen Gold- und Juniorminen-Sektos des Yukons wieder anfängt ein wenig zurück zu kommen..
Kaminak Reports Robust PEA at US $1250/oz Gold on Coffee Gold Project
Pre-Tax NPV@5% of $522 million and IRR of 32.8%; Average Annual Gold Production of 167,000 Ounces and All-In Sustaining Costs of US$688/oz
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 10, 2014) - Kaminak Gold Corporation (TSX VENTURE:KAM) is pleased to announce the results of a Preliminary Economic Assessment (PEA) prepared pursuant to National Instrument 43-101 (NI 43-101) on the Company's 100% owned Coffee Gold Project (Coffee), located 130km south of Dawson City, Yukon. The study indicates that Coffee represents a robust, high margin, rapid pay-back, 11-year open pit mining project at current gold prices. The study was prepared by JDS Energy & Mining Inc., an established Yukon mine builder, under the direction of Fred Lightner (Director of Mine Development, Kaminak) with contributions from Kappes Cassiday and Associates, Knight Piésold and Co. and SIM Geological Inc. At a gold-price of US$1250/oz and using an exchange rate of C$1.00 equal US$0.95, Coffee generates a pre-tax net present value (NPV) at a 5% discount rate of more than $500 million and an Internal Rate of Return (IRR) of 33%. Further, the mine could become a significant Yukon gold producer, yielding close to 450,000 ounces in the first two years and producing an average of 167,000 ounces annually over the life of mine at an all-in sustaining cash cost of US$688 per ounce of gold.
Kaminak will be hosting a live video webcast presentation at 10:30am Eastern Time (7:30am Pacific Time) on June 11, 2014 to discuss the results of the PEA. To participate in the live webcast, please click the following link: http://kaminak.com/investors/register/. For those who cannot participate, the video webcast will be archived on Kaminak's website (www.kaminak.com) within 24 hours of the presentation.
The PEA envisages an owner-operated, approximately 11-year open-pit mine targeting 53 million tonnes of primarily oxide facies material at an average diluted grade of 1.23 grams/tonne gold (g/t Au). The study incorporates a three-stage crushing circuit and a valley fill heap leach facility designed by Knight Piésold and Co., along with a standard carbon adsorption gold recovery plant to produce 1,859,000 ounces of gold doré over life of mine (LOM). It should be noted that the study outlines several opportunities to further enhance economics (see below) and the current resource remains open along strike and to depth. Further, more than 20km of untested gold in soil anomalies remain to be evaluated and Kaminak remains confident that additional near surface oxide resources can be identified in the near term; drilling is ongoing.
Highlights (all amounts are in Canadian dollars unless otherwise indicated; base case is stated using a gold price of US$ 1,250 per ounce and an exchange rate of C$1.00 equal US$0.95):
- NPV of $522 million at a 5% discount rate and an IRR of 32.8% before taxes and mining duties, and an NPV of $330 million and an IRR of 26.2% after taxes and mining duties
- Mine life of 11 years with peak production of 231,000 ounces per annum (Year 1) and average LOM production of 167,000 ounces of gold
- Average metallurgical recoveries of 88% gold
- 1,859,000 ounces LOM gold production at an average diluted grade of 1.23 g/t Au
- All-in sustaining costs* of US $688/oz (including royalties) for LOM, generating an Operating margin of over US $560/oz or 42%
- Initial capital costs of $305 million (including a 15% contingency)
- Payback of 1.8 years pre-tax and 2.0 years post-tax
- Gross Revenue of $2.4 Billion and Operating Cash-flow of $1.24 Billion
- * All-in Sustaining Costs are presented as defined by the World Gold Council ("WGC") less Corporate G&A.
Eira Thomas, CEO commented: "The recently completed Coffee PEA has delivered a high value, high margin, low risk gold project in one of the World's safest, pro-mining jurisdictions, Yukon Canada, and marks a significant milestone for our Company. At a US $1250 gold-price, Coffee will generate more than $2 billion in gross revenue, deliver total life of mine, pre-tax, free cash of $800 million and payback capital in under 2 years. Further upside to this evaluation is anticipated through optimization studies and continued exploration. All of the deposits in the current resource remain open along strike and to depth."
Fred Lightner, Kaminak's Director of Mine Development, stated: "With the completion of the PEA, we now have an initial look at the economic potential of the Coffee Project. The grade of the deposit and strip ratio, metallurgical response, and relatively low operating costs are strong factors which create value. We believe that with additional exploration, delineation drilling, and project engineering the project will be further enhanced."
JDS Energy & Mining Inc. (JDS) was engaged by Kaminak Gold Corporation in 2013, under the direction of Fred Lightner (Director of Mine Development, Kaminak) to produce an independent Preliminary Economic Assessment (PEA) for the Coffee Gold Project. A technical report following the guidelines of the Canadian Securities Administrators' National Instrument 43-101 will be filed on SEDAR and on the Company website within 45 days.
Link: http://www.marketwired.com/press-release/kaminak-reports-robust-pea-at-us-1250-oz-gold-on-coffee-gold-project-tsx-venture-kam-1919337.htm
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