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Borborema gold project, Brazil

6th March 2020

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Borborema gold project.

Location
The project is located in north-eastern Brazil.

Project Owner/s
Big River Gold.

Project Description
A definitive feasibility study (DFS) has confirmed the viability and economic robustness of Borborema, which will be a standalone gold mine, with an initial mine life of 10.2 years, producing an estimated 729 0374 oz of gold with strong profit margins. It comprises an openpit and a two-million-tonne-a-year processing plant using crushing and semiautogenous grinding and ball mill circuits.

Tailings will be dry-stacked above ground.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The pretax net present value, at an 8% discount rate, is $218-million and the internal rate of return is 43.6%, with a payback of 2.4 years.

Capital Expenditure
Capital expenditure is estimated at $99.3-million, which includes a contingency of $11.36-million.

Planned Start/End Date
The implementation schedule for the project indi­cates a construction period of 23 months, sub­ject to the conclusion of financing arrangements.

Latest Developments
None stated.

Key Contracts and Suppliers
Wave International (DFS).

Contact Details for Project Information
Big River Gold, tel +61 8 9480 3708 or email admin@bigrivergold.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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