Business
TriStar Gold Updates Economics of PFS with After-Tax 40% IRR and US$603 Million NPV5 and Provides Update on Permit
After-tax NPV 5% of US$1,353 million at approx. spot of US$3,200 gold price After-t...
About this update from Tristar Gold Inc.
[{"type":"text","content":"TriStar Gold Updates Economics of PFS with After-Tax 40% IRR and US$603 Million NPV5 and Provides Update on PermitAfter-tax NPV5% of US$1,353 million at approx. spot of US$3,200 gold priceAfter-tax NPV5% of US$603 million at US$2,200 base-case gold priceA compelling after-tax IRR of 72% at US$3,200 gold and 40% at US$2,200 base case gold priceAISC of US$1,111/ozAfter-tax payback period of 2 yearsThe Company has received a positive legal opinion on status of the Castelo de Sonhos Permit, which remains valid and in good standingScottsdale, Arizona--(Newsfile Corp. - May 5, 2025) - TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) (\"TriStar\" or the \"Company), is pleased to announce a prefeasibility study (\"Study\") update for the Company's Castelo de Sonhos gold project in southern Pará State, Brazil by GE21 Consultoria Mineral Ltda (\"GE21\") of Belo Horizonte, Brazil. There was no change to the mineral resources or reserves, the focus of the update study was the cost estimate since the release of the previous PFS, as well as to incorporate changes to the gold price and exchange rates.Nick Appleyard, TriStar's President and CEO, stated: \"The updated Study is a key step in our advancement of Castelo de Sonhos, demonstrating gold price leverage and robust economics at a time of record high gold prices and a scarcity of permitted development assets.\" Mr. Appleyard continued, \"Tristar's Castelo de Sonhos can fill a gap in the gold development space, with the potential to create value for all stakeholders. We look forward to advancing this project to a construction decision.\"The results of the Study now replace the 2021 prefeasibility study (\"PFS\"), originally announced in the Company's press release dated October 5, 2021. The Study has incorporated a new cost estimate for the planned development of Castelo de Sonhos compared with the 2021 original. Table 1 below presents a side-by-side comparison of the key metrics of the latest Study and 2021 PFS.Castelo de Sonhos Metric2025 PFS Study Update2021 PrefeasibilityInitial Capital (US$ million)$296$261Base-Case Gold Price (US$/oz) $2,200$1,550AISC (US$/oz)$1,111$900Exchange Rate (1 US$: BRL)5.755.0After-Tax NPV 5% (US$ million)$603$321Base Case After-Tax IRR (%)40%28% Table 1. Key Metrics Comparison.The Prefeasibility Study UpdateThe prefeasibility study update of economic p...