Canada’s G Mining Ventures (TSX: GMIN) said a new feasibility study for its Oko West project in northern Guyana demonstrates improved economics compared with initial calculations released last year.
At a 5% discount rate, Oko West would generate a post-tax net present value (NPV) of $2.2 billion and a post-tax internal rate of return (IRR) of 27%, G Mining said Tuesday in a statement. That’s a 58% improvement in NPV compared with the preliminary economic assessment that the company issued last September.
Oko West is one of two projects that G Mining is counting on to anchor future output. The other, Brazil’s Tocantinzinho, started producing gold in September, with the company already booking cash flow.
The feasibility study “marks a major milestone in realizing the value of what we consider one of the world’s most exciting…
