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Cerrado Gold Reports After Tax NPV5% of US$617 Million with IRR of 94.8% in Its Updated Preliminary Economic Assessment at Its Monte do Carmo Gold Project in Brazil
Cerrado Gold Conference Call: Sep 1, 2021: 11:00 AM Eastern Time (Details below) Highlights...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Reports After Tax NPV5% of US$617 Million with IRR of 94.8% in Its Updated Preliminary Economic Assessment at Its Monte do Carmo Gold Project in BrazilCerrado Gold Conference Call: Sep 1, 2021: 11:00 AM Eastern Time (Details below) Highlights:Average annual gold production of 149,000 ozs over first 5 years and 131,000 ozs over LOM 8 years Annual Average Free cash flow of US$150 million over the first 5 yearsTotal cumulative, after tax, free cash flow estimated US$901 million over 8 yearsAverage AISC of US$431/oz over the first 5 years Low Initial Capex of US$126 million (including US$25 million contingency)Payback of 1.3 yearsFurther upside potential from continued exploration drilling & resource expansionDevelopment program including Feasibility Study to begin immediately, EIS UnderwayPEA Summary Results PEA Summary TableAll Figures in US$ unless otherwise noted 2021 2020 NPV @ 5% After Tax $ millions $617 $432 IRR After Tax % 94.8% 76.4% Long Term Gold Price (US$/troy oz.) US$/oz Au $1,600 $1,550 Initial Capex  $ millions $126 $110 Life of Mine years                  8                  7 Payback time (years) years 1.3 1.5 LOM average annual Au production koz            131.0            103.5 LOM annual tonnes mined MM tonnes            2.600            1.888 Opex $/t $33.04 $26.39 Avg Cash Cost US$/oz Au $583 $480 Avg LOM AISC US$/oz Au $612 $498 Sustaining LOM Capital $ millions              13.5                1.6 LOM Stripping Ratio waste:ore  10.9:1   7.79:1  Royalties % 1% 3% Mine Closure $ millions $16.8 $11.25​  Toronto, Ontario--(Newsfile Corp. - August 23, 2021) - CERRADO GOLD (TSXV: CERT) (OTCQX: CRDOF) (\"Cerrado\" or the \"Company\") is very pleased to announce the results of its new NI 43-101 Preliminary Economic Assessment (\"PEA\") based upon the recently expanded 43-101 resourc...