Monte do Carmo gold project, Brazil
Name of the Project
Monte do Carmo gold project.
Location
Tocantins State, Brazil.
Project Owner/s
Cerrado Gold.
Project Description
The Monte do Carmo project is expected to have average gold production of 149 000 oz over the first five years of production and 131 000 oz over the project’s eight-year mine life.
The mine design is based on standard openpit mining techniques of drill, blast and haul using contract mining to reduce upfront capital needs.
Gold will be recovered by concentration and tailing flotation, followed by carbon-in-pulp leaching of float concentrate.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at 5% discount rate of, $617-million and an internal rate of return of 94.8%, with a payback of
1.3 years.
Capital Expenditure
Initial capital is estimated at $126-million.
Planned Start/End Date
Not stated.
Latest Developments
A development programme, including a feasibility study, is expected to start immediately. An environmental-impact study is under way.
Key Contracts, Suppliers and Consultants
GE21 (mine plan).
Contact Details for Project Information
Cerrado Gold director corporate development Nicholas Campbell, tel +1905630 0148 or email ncampbell@cerradogold.com.
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