Through years one to five, the study estimates average annual production of 431,000 gold equivalent ounces and total production of 3.2 million gold equivalent ounces over a nine-year mine life. Estimated pre-production capital costs total C$592 million. Life-of-mine all-in sustaining costs are pegged at $652 per oz. of gold equivalent recovered in concentrate.
“Eskay Creek is truly a unique deposit that provides excellent profit margins due to its existing infrastructure and high open-pit grade,” said Skeena CEO Walter Coles in a release. “Even at $1,400 gold and $13 silver prices, the project still generates an average annual after-tax cash flow of C$209 million with an after-tax IRR of 36% and a 1.5-year payback of initial capital.”
Skeena president Randy Reichert added that the feasibility study confirmed the robust economics originally shown in the prefeasibility study in July 2021 but with “improved…
