Revival Gold announces PEA
(Kitco News) - Revival Gold (TSXV: RVG) highlighted production of 72,000 ounces of gold per year for a total of 506,000 ounces of gold over an initial seven-year mine life at its Beartrack-Arnett phase one leach gold project.
The company announced its preliminary economic assessment today for its Idaho project.
The after-tax NPV at a 5% discount rate of $88 million and after-tax IRR of 25% at $1,550 per ounce gold increasing to a $211 million NPV5% and 49% IRR at $1,950 per ounce gold.
"This PEA supports Revival Gold's plans to resume meaningful heap leach gold production from Beartrack-Arnett with low re-start capital and robust economics," commented Hugh Agro, President and CEO. "Beartrack-Arnett ranks as one of the largest independently-owned undeveloped gold deposits in the United States. As a brownfield site, Beartrack-Arnett offers significant existing baseline environmental data, infrastructure, and operating history for Revival Gold to utilize."