Project UpdateJul 22, 2026, 06:51 AM
GoldMining Files São Jorge PEA: $532M NPV, 42.4% IRR
AI Summary
GoldMining Inc. announced the filing of a technical report, including a Preliminary Economic Assessment (PEA), for its São Jorge Project in Brazil. The PEA highlights strong economics, with an after-tax NPV5% of $532 million and an IRR of 42.4% at a base case gold price of $3,500 per ounce. The project features a manageable initial capital of $202 million and is expected to produce an average of 51,250 ounces of gold annually over a 10.6-year mine life, with an estimated All-In Sustaining Cost of $1,464 per ounce. The company plans to advance to pre-feasibility studies.
Key Highlights
- After-tax NPV5% of $532 million at $3,500/oz gold price.
- After-tax IRR of 42.4% at $3,500/oz gold price.
- Initial capital estimated at $202 million, including 25% contingency.
- Average annual gold production of 51,250 oz over 10.6-year LOM.
- Peak gold production of 57,200 oz/year in years 2-4.
- Estimated LOM All-In Sustaining Cost (AISC) of $1,464/oz.
- Metallurgical recoveries of 90% Au using standard gravity and leach circuits.
Price Impact
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