Magino Mine Cash Flow Model (NPV) Analysis is based on a 4 million oz reserve.
Previously, I had shared an email from Argonaut Gold Investors Relations which insinuated in conclusion to the completion of the 2023 Magino Reserve Expansion and Exploration Program. The company expects reserves to potentially increase to 4 million oz.
First year, production rate is 10,000 tpd and then 13,000 tpd for the remaining 18-years.
LOM AU grade is 1.43 g/t.
