Compared with the 2020 Mount Milligan technical report, total payable gold production would increase by 800,000 oz. (from 1.1 million oz. to 1.9 million oz.) and total payable copper production by 191 million lb. (from 560 million lb. to 751 million lb.) from 2022 onwards.
The LOM payable gold production is expected to reach 1.9 million oz. at a production cost of $502/oz., an all-in sustaining cost on a byproduct basis of $756/oz. and all-in cost on a byproduct basis of $770/oz.
According to Centerra, recent inflationary cost pressure will be taken into consideration when the company updates and discloses the Mount Milligan mine’s 2023-2025 production and cost guidance in early 2023. Its 2022 guidance remains on track for year-end.
Net cash flow over the LOM is estimated at $640 million using a gold price of $1,500/oz. and copper price of $3.25/lb., and over $1 billion at prices of $1,700/oz. of gold and $3.50/lb. of…
