Goldmining Inc

GoldMining released a preliminary economic assessment (PEA) for the São-Jorge project in Pará, which, at a 5% discount rate, shows an after-tax NPV of USD 532 million and an IRR of 42.4% at a gold price of USD 3,500/oz. Initial capital expenditures are estimated at USD 202 million (including a 25% contingency). The mine life is 10.6 years with average annual production of 51,250 ounces and AISC of USD 1,464/oz. The PEA is preliminary and includes inferred resources; GoldMining plans to continue prefeasibility studies and reportedly has about USD 183 million in cash. » More on de.investing.com

GoldMining Inc released an updated preliminary economic assessment for its La Mina gold-copper project in Antioquia, Colombia, showing a 265% increase in after-tax NPV to $1.0 billion using base metal prices and $1.8 billion using spot prices. The study estimates initial capital expenditures of $523 million with a 2.7-year payback on base prices and a 1.9-year payback at spot prices. La Mina represents 9% of the company's measured and indicated resources and 16% of inferred resources, underscoring its strategic importance to GoldMining Inc. » More on finance.yahoo.com

GoldMining has released an updated preliminary economic assessment (PEA) for the La-Mina project in Antioquia, Colombia, which, using metal prices of US$3,500/oz gold, US$4.70/lb copper and US$40/oz silver, shows an after-tax net present value (NPV, 5%) of US$1.0 billion and an IRR of 32.2%. The study foresees an initial capital investment of US$523 million, a mine life of 11.2 years and average annual production of 152,400 ounces gold equivalent in the first five years; total life-of-mine production is reported at 1.5 million ounces gold equivalent. At current spot prices the NPV rises to about US$1.8 billion with an IRR of 49.1%. » More on de.investing.com