Gold production over the 4.8-year mine life is projected at 30,000 oz. annually (or 145,050 oz. total), at an all-in sustaining cost of $1,065/oz. Production is based on 1.9 million tonnes of measured and indicated resources at a grade of 2.68 g/t gold (165,000 oz. of gold) in the open-pit portion of the deposit.
“The PEA on the Barry open-pit project represents an important step towards a restart of production at the Barry open-pit project by Bonterra. The PEA highlights a project that requires a modest upfront investment and is expected to generate average annual net pre-tax cash flow of over C$20 million once in commercial production,” CEO Marc-Andre Pelletier said in a media statement.
The company plans to use cash flow generated from the Barry open pit to develop the underground part of the deposit, which contains another 525,000 oz. of measured and indicated resources (3.18 million tonnes grading 4.94 g/t gold) and…
