The PEA outlined a 12-year mine life with average annual production of 180,000 ounces at all-in sustaining costs of US$1,142 per ounce. At current gold prices, the project demonstrates strong economics with an after-tax NPV of C$420 million.
CEO David Chen indicated that infill drilling will continue through the summer with the goal of upgrading inferred resources into the measured and indicated categories ahead of the feasibility study completion.