PRECIOUS METALS

Nighthawk posts attractive Colomac economics

Nighthawk Gold has reported a preliminary economic assessment for an open pit gold mining operation at its Colomac project near Yellowknife in the North West Territories of Canada, outlining average annual production of 290,000oz at an US$828/oz all-in sustaining cost over an 11.2-year mine life, with peak production of 340,000oz.

Nighthawk Gold's Colomac in NWT, Canada

Nighthawk Gold's Colomac in NWT, Canada

The project would yield an after-tax net present value of C$1.2 billion at a 5% discount rate with a 35% internal rate of return at a US$1,600/oz gold price, following a C$654 million initial capital expenditure,...

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