https://newsletter.mw.creamermedia.com
Construction|Copper|Gold|PROJECT|Underground
Construction|Copper|Gold|PROJECT|Underground
construction|copper|gold|project|underground

GoGold releases PEA results for Los Ricos North

19th May 2023

By: Creamer Media Reporter

     

Font size: - +

Canada-based gold and silver producer GoGold has announced the results of an initial preliminary economic assessment (PEA) at its Los Ricos North project, in Mexico.

This is the second PEA completed in the Los Ricos district, in addition to the Los Ricos South PEA completed two years ago.

The Los Ricos North PEA calculates a net present value, using a 5% discount, of $413-million, based on a 13-year mine life, producing 110.3-million payable silver equivalent ounces (SEOs).

Production will comprise 68-million ounces of silver, 221 700 oz of gold, 22.8-million pounds of copper, 144.1-million pounds of lead and 242.2-million pounds of zinc.

On average, the mine will produce 8.8-million SEOs at an all-in sustaining cost of $9.68/oz of silver-equivalent.

“Los Ricos North forms a pipeline of growth after the construction of Los Ricos South, which we see as a high-grade bulk underground mine targeted to be our first deposit advanced to production,” said president and CEO Brad Langille.

The company will update the Los Ricos South mineral resource, as well as that project’s PEA, this summer.

Edited by Creamer Media Reporter

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:4.911 4.985s - 127pq - 2rq
Subscribe Now