re: Ann: Papillon Delivers Outstanding PFS fo...
Minimum 9 years production...plenty of scope and aniticipated resource upgrade. “The completion of the PFS for the Fekola Project confirms that the Project is large scale, low cost and extremely robust. In fact, our sensitivities show that, using our current mining schedules, Fekola will still produce average pre-tax (post royalty) operating cash flows in excess of US$130 million per annum using a flat US$1,100 per ounce gold price. During the initial nine year mine life, gold production averages in excess of 306,000 ounces per annum, with all-in-sustaining cash costs of approximately US$725 per ounce. This scale of planned production will elevate Papillon into the mid-tier of gold producers, while operating with low all-insustaining cash costs of production.”
PIR Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
