Project UpdateApr 28, 2026, 06:47 AM
GLDG: La Mina Project Updated PEA Highlights $1.0B After-Tax NPV, 32% IRR
AI Summary
GoldMining Inc. announced an updated Preliminary Economic Assessment (PEA) for its La Mina Project in Colombia, highlighting significantly enhanced project value. The PEA reports a robust $1.0 billion after-tax NPV5% and a 32.2% after-tax Internal Rate of Return (IRR) at base case metal prices. At current spot prices, the after-tax NPV5% increases to approximately $1.8 billion with a 49.1% IRR, showcasing strong economics and capital efficiency for the gold-copper porphyry system.
Key Highlights
- Updated PEA for La Mina Project shows $1.0 billion after-tax NPV5% and 32.2% after-tax IRR.
- At current spot prices, after-tax NPV5% increases to $1.8 billion with 49.1% IRR.
- Initial capital expenditures estimated at $523 million, with a 0.5x initial capital to base case NPV5% ratio.
- Average annual production of 152.4 koz Au equivalent over the first five years.
- Total life of mine production of 1.5 Moz Au equivalent over 11.2 years.
- Estimated total cash cost of $872/oz Au and All-In Sustaining Cost (AISC) of $1,045/oz Au.
- The PEA incorporates updated base case pricing of $3,500/oz Au, $4.70/lb Cu, and $40/oz Ag.
- The project contemplates a conventional open-pit operation and a processing rate of 15,000 tonnes per day.