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.