First Mining Gold Corp FFMGF

once project gets approval..money to be made

[idlefreebird]

Key PFS highlights include:

• US$1.5 billion pre-tax NPV5% at US$1,600/oz gold, increasing to US$1.9 billion at US$1,800/oz
• US$995 million after-tax NPV5% at US$1,600/oz gold, increasing to US$1.3 billion at US$1,800/oz
• 36.4% pre-tax IRR; 29.4% after-tax IRR at US$1600/oz gold
• Life of mine (“LOM”) of 11.3 years, with primary mining and processing during the first 9 years and processing lower grade stockpiles for the balance of the mine life
• After-tax payback of 2.4 years
• Declaration of Reserves: Proven and Probable Reserves of 3.8 Moz Au, 20.5 Moz Ag (121.6 MT at 0.97 g/t Au, 5.23 g/t Ag)
• LOM Metal Recovered 3.2 Moz Au, 18.1 Moz Ag; 3.0 Moz Au, 16.1 Moz Ag (Year 1 to 9)
• Initial capital costs estimated at US$718 million; Sustaining capital at US$55 million; plus another $29 million in closure costs
• Annual payable gold production of 335 koz (Year 1 to 9); 287 koz (LOM)
• Low strip ratio of 2.22 to 1 (Year 1 to 9); 2.36 to 1 (LOM)
• Head grade of 1.12 g/t Au and 5.7 g/t Ag (Year 1 to 9); 0.97 g/t Au and 5.2 g/t Ag (LOM)
• Recoveries of 87% for gold and 90% for silver (Year 1 to 9); 86% for gold and 90% for silver (LOM)
• Total cash operating cost of US$558/oz (Year 1 to 9); US$618/oz (LOM)
• AISC of US$577/oz (Year 1 to 9); AISC US$645 (LOM)