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Spanish gold tempts Black Dragon

From miningweekly.com

The Salave gold project, in Spain, could produce some 1.1-million ounces of gold in concentrate over a mine life of 14 years, according to the preliminary economic assessment released on Monday. ASX- and TSX-V-listed Black Dragon Gold said that the project would likely require a capital investment of $95.3-million, with the after tax net present value estimated to range between $184.7-million and $273.9-million, while the internal rate of return expected to be between 23% and 35%.Life-of-mine (LoM) sustaining capital costs have been estimated at $19.3-million, while LoM all-in sustaining costs have been estimated at ... (full story)

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  • Category: Fundamental Analysis