The updated Eagle technical report is highlighted by an increased gold production profile, showing an average annual gold production of 202,000 ounces over the first eight years, with peak production of 219,000 ounces in 2025. Total gold production would reach 2.05 million ounces over an estimated mine life of 12 years.
“This increased production is achievable utilizing our existing crushing and conveying circuit and mining fleet,” CEO John McConnell said in a news release. “The Eagle orebody continues to reconcile extremely well with our reserve model and gold production is in line with original recovery expectations.”
The update also showed robust project economics, headlined by an after-tax net present value (at a 5% discount) of C$954 million, based on a gold price of $1,700/oz. LOM capital costs are projected to be C$292 million, while the all-in sustaining cost (AISC) is pegged at $1,114/oz.
The 2023 technical report…
