G Mining Ventures Reveals Robust Economics for Oko West Gold Project in Guyana
TL;DR
G Mining Ventures Corp. announced robust economics for Oko West Gold Project, projecting 4.3M ounces production, $2.2B NPV, and 27% IRR.
Feasibility study for Oko West Gold Project in Guyana confirms large-scale open-pit and underground mining operation with 12.3-year production plan.
G Mining Ventures Corp.'s project in Guyana aims to create a better future with sustainable mining practices and economic growth for the region.
Oko West Gold Project's feasibility study reveals exciting prospects with 4.3M gold ounces, $2.2B NPV, and environmental permits targeted for 2025.
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G Mining Ventures Corp. has completed a feasibility study for its Oko West Gold Project in Guyana, revealing promising economic potential for a large-scale mining operation. The study projects total gold production of 4.3 million ounces over 12.3 years, with an average annual production of 350,000 ounces.
The project demonstrates robust financial metrics, with an after-tax net present value of $2.2 billion and a 27% after-tax internal rate of return, based on a gold price of $2,500 per ounce. The all-in sustaining cost is estimated at $1,123 per ounce, indicating competitive production economics.
The company plans to pursue final environmental permits in the second quarter of 2025, with a construction decision targeted for the second half of the same year. This timeline suggests the project is moving steadily toward potential development.
The feasibility study underscores the strategic importance of the Oko West Project for G Mining Ventures, positioning the company to potentially become a significant mid-tier precious metals producer. The project's location in Guyana, described as a mining-friendly jurisdiction, adds to its attractiveness for investors and industry observers.
Curated from InvestorBrandNetwork (IBN)
