Osisko Mining publishes promising PEA for Windfall project
Canadian miner Osisko Mining has announced positive results from an independent preliminary economic assessment (PEA) on its wholly-owned Windfall gold project, located in the Abitibi greenstone belt, in Quebec.
The PEA provides a robust base case assessment for developing the gold deposit as an underground dual ramp access mine with a central processing mill at the site.
Osisko is advancing surface and underground work at Windfall.
The PEA estimates that Windfall will produce 300 000 oz/y over the first seven full years of production.
The project can reach a peak recovery rate of 328 000 oz/y in year six, thereafter averaging about 238 000 oz/y for an 18-year mine life.
The project has an after-tax net present value of C$1.5-billion and an after-tax internal rate of return of 39.3%, with an after-tax payback period of 2.2 years from the start of production – assuming a gold price of $1 500/oz.
All-in sustaining costs will average $610/oz and the project has a capital expenditure estimate of C$544-million, including power line construction costs and C$55-million as contingency in direct and indirect costs.
The PEA assumes a 3 100 t/d milling operation, at an average gold recovery rate of 94.8%.
Windfall has the potential to generate more than C$8.2-million of gross revenue and C$1.7-billion in taxes. The project will create about 400 direct jobs and 200 indirect jobs during operation, while more than 500 jobs will be created during construction.
The independent PEA was prepared by engineering consultancy BBA Incorporated, based in Montreal.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation