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GoldMining Announces Preliminary Economic Assessment Of São Jorge Project NPV At $532M
GoldMining Inc. (TSX:GOLD) (NYSE:GLDG) (the "Company" or "GoldMining") is pleased to announce the results of a preliminary economic assessment ("PEA") on its São Jorge Project (the "Project"), located in Pará State,
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GoldMining Announces Positive PEA Highlighting $532 Million After-Tax NPV and 42% IRR at its São Jorge Project, Brazil
GoldMining Inc. announced positive preliminary economic assessment (PEA) results for its São Jorge gold project in Brazil, showing $532 million after-tax NPV at 5% discount rate and 42.4% IRR based on $3,500/oz gold price. The project features manageable $202 million initial capital, 10.6-year mine life with 51.2 koz average annual gold production, and $1,464/oz AISC. At current spot prices ($4,400/oz), NPV increases to $836.8 million with 58.6% IRR.