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Integra Announces Exceptional Project Economics from Delamar Gold-Silver Project in Idaho

Mining News - Published on Thu, 12 Sep 2019

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Integra Resources announced the results of a maiden Preliminary Economic Assessment completed by MDA Associates for the DeLamar Gold-Silver Project, located in Idaho, USA. The study was conducted under the direction of Timothy Arnold, Integra’s Vice President of Project Development and includes contributions from the consulting teams at McClelland Laboratories, Woods Process Services, Welsh Hagen and EM Strategies. The PEA is based on Integra’s recently completed mineral resource estimate announced on June 17th 2019. The PEA base case assumes a gold price of USD 1,350/oz, a silver price of USD 16.90 per oz and a USD exchange rate of 1.32.

DeLamar Project Preliminary Economic Assessment Highlights
27,000 tonnes per day (“tpd”) open-pit/heap-leach production rate with an initial mine life of 10 years, sourcing oxide and transitional mineralization from both the Florida Mountain and DeLamar Deposits
2,000 tpd mill, commencing in Year 3, sourcing unoxidized mineralization from Florida Mountain over a 6-year period
Year 1 to Yr 10 average annual production of 103,000 oz Au and 1,660,000 oz Ag
Year 2 to 6 average annual production of 126,000 oz Au and 1,796,000 oz Ag
LOM total payable production of 1,031,000 oz Au and 16,603,000 oz Ag
LOM AISC of US$619/oz net of silver by-product or USD 742/oz on an Au Eq co-product basis
A low LOM strip ratio of 1.09 to 1
Low Pre-Production Capex of C$213 million (US$161 million)
LOM Capital expenditures (pre-production + sustaining capital) of C$365 million (US$277 million)
After-tax payback period of 2.4 years
After-tax IRR of 43%
After-tax NPV (5%) of C$472 million (US$358 million)
C$697 million (US$528 million) after-tax LOM cumulative cash flow
Average annual after-tax free cash flow of C$81 million (US$61 million) once in production

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Posted By : Rabi Wangkhem on Thu, 12 Sep 2019
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