Sihayo Gold plans to build an operation producing 653 000 oz of gold over a six-year mine life.
The Sihayo mine plan comprises an ore reserve estimate of 11.7-millon tonnes at 1.98g/t gold for 747 000 oz of gold.
The plan is based on an openpit operation producing 653 000 oz of gold from 781 000 oz contained gold over a life-of-mine of 6.25 years. The Sihayo process plant has been designed to treat the expected range of mineralisation types to be delivered during the LoM mining schedule. The mineralisation is characterised into seven categories, based on rock type and oxidation state .The project has an after-tax net present value, at a 5% discount rate, of $169-million and an internal rate of return of 16.2%, with a payback of four years.
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