other material
confidence high
sentiment positive
materiality 0.80
U.S. Gold reports positive PFS for CK Gold Project: pre-tax NPV $323M, IRR 39.4%
U.S. GOLD CORP.
- M+I resources: 1.58M AuEq oz; total reserves: 1.44M AuEq oz (1.01M oz gold, 248M lbs copper).
- 10-year mine life at 20,000 tons/day; avg annual AuEq production 108,500 oz (first 3 years 135,300 oz).
- Initial capex $221M; after-tax NPV (5%) $266M, IRR 33.7%, payback 2.2 years.
- AISC $800/oz AuEq; base metal prices: gold $1,625/oz, copper $3.25/lb.
- Company targets mine permit submission in 2022, approval in 2023.