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Caldas Gold Files National Instrument 43-101 Technical Report for Its Marmato Project in Colombia
TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it has filed a preliminary feasibility study (“PFS”
About this update from Aris Mining Corp
[{"type":"text","content":" TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it has filed a preliminary feasibility study (“PFS”) technical report on its Marmato Project (the “Technical Report”) pursuant to National Instrument 43‐101 - Standards of Disclosure for Mineral Projects (“NI 43‐101\"). The Technical Report supports the disclosure made by the Company in its July 6, 2020 news release and is based on the updated Mineral Resource and Mineral Reserve estimates for the Marmato Project with an effective date of March 17, 2020. A summary of the key life-of-mine operating and financial results in the Technical Report compared with the preliminary results announced by the Company on July 6, 2020 is as follows: Technical Reportdated August 17, 2020 Preliminary ResultsJuly 6, 2020 News Release Gold production (recovered ounces) 1,865,094 1,865,094 Silver production (recovered ounces) 1,566,391 1,566,391 Long-term gold price (US$/oz) $1,400 $1,400 Total cash cost (US$/oz) 778 772 All-in sustaining cost (US$/oz) 880 872 Free Cash Flow (before initial capital) (US$M) 760.3 770.0 Initial capital costs, Marmato Deep Zone (US$M) 269.4 269.4 Total undiscounted after-tax project cash (US$M) 490.9 500.6 NPV (5%) of the total after-tax project cash flow (US$M) 256.1 263.9 After-tax internal rate of return 19.5% 20.1% Payback 2026 2026 The Technical Report, with a report date of August 17, 2020 and an effective date of March 17, 2020, was prepared by SRK Consulting (U.S.), Inc. and is entitled \"NI 43-101 Technical Report Pre-Feasibility Study Marmato Project Colombia\". The “qualified persons” for the purposes of NI 43-101 include Ben Parsons, MSc, MAusIMM (CP), Practice Leader/Principal Consultant (Resource Geology); Eric J. Olin, MSc Metallurgy, MBA, SME-RM, MAusIMM, Principal Consultant (Metallurgy); Fernando Rodrigues, BS Mining, MBA, MAusIMM, MMSAQP, Practice Leader/Principal Consultant (Mining); Jeff Osborn, BEng Mining, MMSAQP, Principal Consultant (Mining); Joanna Poeck, BEng Mining, SME-RM, MMSAQP, Principal Consultant (Mining); Fredy Henriquez, MS Eng, SME, ISRM, Principal Consultant (Rock Mechanics); Breese Burnley, P.E., Practice Leader/Principal Engineer (Tailings); Cristian A Pereira Farias, SME-RM, Principal Consultant (Hydr...