Cariboo gold project, Canada
Name of the Project
Cariboo gold project.
Location
Central British Columbia, Canada.
Project Owner/s
Osisko Development Corp.
Project Description
A preliminary economic assessment (PEA) has illustrated the potential economics for a low-cost, large-scale, underground gold project, with industry-leading operating costs.
The project will comprise three sites: the Mine Site Complex, near the District of Wells, the Bonanza Ledge site, and the QR mill.
The study outlines total gold production of 2.8-million gold ounces, resulting in an average gold production profile of 236 000 oz/y over a 12-year mine life.
The PEA envisages a phased construction approach, with initial construction enabling a 2 000 t/d mine, and an expansion raising the throughput to 8 000 t/d for about 297 000 oz/y over an eight-year period.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 5% discount rate, of $764-million and an internal rate of return of 21.4%, with payback of six years.
Capital Expenditure
Initial capital costs are estimated at $122-million, with expansion capital estimated at $716-million.
Planned Start/End Date
First gold pour targeted for the first quarter of 2024.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
BBA Engineering (PEA).
Contact Details for Project Information
Osisko Development Corp, tel +1 514 940 0670 or email nfo@osiskogr.com.
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