Project UpdateJun 8, 2026, 06:41 AM
GoldMining La Mina Project PEA: $1.0B After-Tax NPV, 32% IRR
AI Summary
GoldMining Inc. announced the filing of a technical report for its La Mina Project in Colombia, which includes an updated Preliminary Economic Assessment (2026 PEA). The PEA highlights strong base case economics with an after-tax NPV5% of $1.0 billion and an after-tax internal rate of return (IRR) of 32.2%. The project also shows significant leverage to current spot prices, with NPV increasing to $1.8 billion and IRR to 49.1%.
Key Highlights
- After-tax NPV5% of $1.0 billion and after-tax IRR of 32.2%.
- Initial payback period estimated at approximately 2.7 years.
- At current spot prices, after-tax NPV5% rises to $1.8 billion with 49.1% IRR.
- Initial capital expenditures are estimated at $523 million.
- Average annual production of 152.4 koz Au equivalent over the first five years.
- Total life of mine production of 1.5 Moz AuEq over 11.2 years.
- Estimated total cash cost of $872/oz Au and AISC of $1,045/oz Au.
- Contemplates a conventional open pit operation with a 15,000 tpd processing rate.
Price Impact
More from GLDG