La Coipa restart project, Chile
Name of the Project
La Coipa restart project.
Location
Chile.
Project Owner/s
Kinross Gold.
Project Description
The La Coipa restart project plans to leverage existing infrastructure to mine the Phase 7 deposit, which has proven and probable reserves of 10.9-million tonnes grading 1.5 g/t gold and 96.3 g/silver.
The openpit project is expected to produce an estimated 690 000 gold equivalent ounces from 2022 to 2024.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project is expected to generate an internal rate of return (IRR) of 28% and a net present value (NPV) of $118-million based on a $1 200/oz gold price and $17/oz silver price. Based on a $1 500/oz gold price and $17.50/oz silver price, the project has an IRR of 42% and an NPV of $194-million.
Capital Expenditure
Initial capital costs are estimated at $225-million.
Planned Start/End Date
Prestripping is scheduled to begin in late 2020. Production is expected to start in the first quarter of 2022.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Kinross Gold, tel +1 416 365 5123 or email info@kinross.com.
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