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Sonoro Gold Corp V.SGO

Alternate Symbol(s):  SMOFF

Sonoro Gold Corp is a Canada-based exploration and development company. The Company is engaged in holding the development- stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Cerro Caliche Project is located in the Cucurpe Municipality of Sonora State in northwestern Mexico and is comprised of 15 contiguous mining concessions covering a total area of 1,350.10 hectares (ha). The San Marcial Project is located in the Santa Ana Municipality of Sonora State in northwestern Mexico and is comprised of four contiguous mining concessions held by the Company’s wholly owned Mexican subsidiary Minera Breco, S.A. de C.V. (Breco). The 1,015.80-ha project is situated at the southern end of the prolific Sonora-Mojave Megashear, a regional scale structural system measuring approximately 50 kilometers in width and 500 kilometers in length.


TSXV:SGO - Post by User

Post by 5baggercallson May 10, 2022 6:39pm
111 Views
Post# 34672266

Ken Macleod (CEO) Interview Discussing Optimized PEA

Ken Macleod (CEO) Interview Discussing Optimized PEAKen Macleod of $SGO.V / $SMOFF interviewed to discuss Sonoro Gold’s updated PEA. Some really strong highlights. Mine to be in production within the next year.
https://www.youtube.com/watch?v=plYNB-ifMl0&ab_channel=Proactive
 
The focus of this updated PEA was to reduce capital costs, increase recovery and better the investment. As a result, significant improvements to the economics were made:
 
  • Increased pre-tax NPV of USD $84.4m and IRR of 74.9%, up 22.9% and 42.1% respectively.
  • Increased after-tax NPV of USD $53.5m and IRR of 45.6%, up 29% and 40.4% respectively.
  • Decreased initial capital costs of USD $26m, down 19.1%
  • Increased average gold equivalent grade in Years 1 to 3 at 0.58 g/t AuEq
  • Decreased Cash Costs of USD $1,206/oz AuEq & All-in-Sustaining Costs of USD $1,333/oz AuEq
 
This doesn’t include the ~7300m of drilling that SGO has just completed. Assays are pending and expected in June. Updated resources estimate in July and in August SGO will follow up with a more definitive PEA done at PFS standards. Development of the mine is happening now and production anticipated within the next year. IMO this is a must follow story as there is significant upside ahead as it moves into being a #Gold producer. Only $17M market cap.

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