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Message: OT - Gold Canyon Resources Inc.: Preliminary Economic Assessment

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http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=58997496&topic=GCU:CA&symbology=null&cp=null&webmasterId=92583

  • Initial capital cost of US$438 million
  • Payback period of 1.7 years (non-discounted)
  • Pre-tax NPV of US$579 million (US$1.03 billion at a US$1,600/oz gold price)
  • IRR (pre-tax) of 25.4% (36.9% at a US$1,600/oz gold price)
  • During full production, estimated 217,000 ozs and 1,200,000 ozs average annual gold and silver production, respectively
  • Estimated cash cost of US$636/equivalent ounce gold (eq.oz Au) and all-in cost of US$860/eq.oz Au
  • Strip ratio of 1.7
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