22 Dec 2021resource reserve update● Neutral
Filed the formal technical report backing the November 2021 pre-feasibility study.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Nov 2021resource reserve update▲ GoodMajor
Released an updated, more de-risked pre-feasibility study for Livengood (65,000 tons/day, 6.4 million ounces over 21 years, from a 13.6 million ounce resource): capital costs of $1.93 billion, all-in sustaining costs of $1,171/oz, and -- for the first time -- a clearly positive after-tax NPV of $400 million at $1,800/oz gold.
10 Mar 2017resource reserve update▼ Bad
Corrected the all-in sustaining cost figure it had reported in the September 2016 pre-feasibility study.
24 Oct 2016resource reserve update● Neutral
Filed the formal technical report backing the September 2016 optimized pre-feasibility study.
8 Sept 2016resource reserve update▼ BadMajor
Released a pre-feasibility study for a scaled-down Livengood project (52,600 tons/day over 23 years vs. the original 100,000 tons/day over 14 years), cutting capital costs 34% to $1.84 billion and all-in sustaining costs 16% to $1,263/oz -- while formally telling investors the September 2013 feasibility study was no longer current and should not be relied upon.
9 Sept 2013resource reserve update● Neutral
Filed the formal NI 43-101 technical report backing the disappointing July 2013 Livengood feasibility study.
24 July 2013resource reserve update▼ BadMajor
Released feasibility study results for the Livengood Gold Project (100,000 ton/day, 8 million ounces over 14 years, reserves of 9.6M oz proven plus 454K oz probable): even at a $1,500/oz trailing gold price the project generated only a 'minimal positive return' -- a disappointing result that undercut the investment case.