Past year: ▼ 11%(12.54 – 29.50 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2021resource reserve update● Neutral
Announced the filing of the Camino Rojo technical report, restating the January feasibility figures unchanged: US$452 million after-tax present value, 62% return, 980,000 recoverable gold ounces over 10.4 years.
9 Feb 2021resource reserve update● Neutral
The Kappes, Cassiday feasibility study technical report for Camino Rojo behind the January reserve increase, effective 11 January 2021, together with the qualified persons' consents.
4 Feb 2021drilling progress report● Neutral
Set a deliberately small US$5.1 million exploration budget for 2021 - US$4.0 million in Mexico, US$1.1 million in Panama - because the year's money and attention were going into building Camino Rojo. The work is aimed at confirming oxide ore on the neighbouring Fresnillo ground, gathering sulphide material for metallurgy, and testing the Caballito copper-gold trend in Panama.
11 Jan 2021resource reserve update▲ GoodMajor
An updated feasibility study on Camino Rojo, already under construction, lifted contained gold reserves 54% and added 3.5 years of mine life: 67.4 million tonnes of ore at 0.73 grams of gold and 14.5 grams of silver a tonne, 1.59 million contained gold ounces, of which 980,000 are expected to be recovered at a 62% heap-leach recovery over 10.4 years. That is about 94,000 ounces a year for US$134 million of initial capital, at cash costs of US$490 and all-in sustaining costs of US$543 an ounce - a US$452 million after-tax net present value at a 5% discount and 62% return using US$1,600 gold.
