trending Market Intelligence /marketintelligence/en/news-insights/trending/VeKzMty3Fj4DB4z0B64U8g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Argonaut's pre-feasibility study values Cerro del Gallo gold project at US$175M

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020


Argonaut's pre-feasibility study values Cerro del Gallo gold project at US$175M

A pre-feasibility study for Argonaut Gold Inc.'s Cerro del Gallo gold project in Mexico generated a posttax net present value, discounted at 5%, of US$175 million, a 20% internal rate of return and a 4.5-year payback period.

The initial capital expenditure was estimated at US$134.2 million, with total life of mine capital at US$184.6 million, including US$11.1 million in working capital and first fills. All-in sustaining costs are expected at US$677 per gold ounce sold.

The mine is expected to annually produce an average of 64,000 ounces of gold, 1.3 million ounces of silver and 2,400 tonnes of copper during a 15.5-year life of mine.

Construction is expected to take 18 months to complete, according to the Dec. 18 release.

The Cerro del Gallo project increased the company's proven and probable gold mineral reserves by 48%. The project hosts proven and probable reserves of 91.8 million tonnes at 0.56 g/t gold, 13.3 g/t silver, and 0.09% copper containing 1.6 Moz of gold, 39.1 Moz of silver and 85,782 tonnes of copper.