Freeman Gold posts feasibility study for Lemhi project with post-tax NPV(5%) of US$696 million

  • Freeman Gold released a feasibility study for the Lemhi Gold Project in Idaho, outlining a 15.2-year open-pit, carbon-in-leach mine plan.
  • Base case at US$ 3,650/oz: post-tax NPV (5%) US$ 696 million; IRR 34.4%; payback 2.5 years; initial capex US$ 329.7 million.
  • Proven and probable reserve of 1,000,000 oz gold; total payable gold of 972,000 oz; average recovery 94.8%.
  • Spot-price case at US$ 4,090/oz: post-tax NPV (5%) US$ 904 million; IRR 41.4%; payback 2.1 years.
  • Feasibility study assumes C1 cash cost of US$ 1,477/oz; all-in sustaining cost of US$ 1,719/oz.


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