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Royal Gold Inc.
Summary
| Project: | Peak Gold | |
|---|---|---|
| Deposit: | Peak Gold | |
| Location: | United States | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2018: Royal Gold Inc. announces a PEA report for its Peak Gold deposit at the Peak Gold project. PEA results incl. post-tax NPV(5%) of $283M, IRR of 29.1%. DENVER, COLORADO. SEPTEMBER 24, 2018: ROYAL GOLD, INC. (NASDAQ:RGLD) (together with its subsid | |
| Resources: | (Resource, M+I): 9.201Mt @ 4.08g/t Au, 14.19g/t Ag, 0.153% Cu | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | DENVER, COLORADO. SEPTEMBER 24, 2018: ROYAL GOLD, INC. (NASDAQ:RGLD) (together with its subsidiaries, “Royal Gold” or the “Company”) is pleased to report that the Peak Gold, LLC joint venture (“Peak Gold”), of which our Royal Alaska, LLC subsidiary ("Royal Alaska") owns a 40% interest, has completed a Preliminary Economic Assessment (“PEA”)1 on the Peak Gold Project (the “Project”) located near Tok, Alaska. The PEA presents a robust open pit mining operation with attractive economics at base case gold and silver prices. All results presented herein are on a 100% Peak Gold basis. The PEA was prepared by JDS Energy and Mining Inc. (“JDS”) of Vancouver, British Columbia, Canada. “The results of the PEA are a significant milestone and show that the Peak Gold Project is one of the most interesting emerging gold projects in the United States,” commented Tony Jensen, President and CEO of Royal Gold. “The combination of robust grade, near-surface open-pit resource, and a large and prospective land package located close to existing infrastructure, makes the Peak Gold Project unique. Royal Gold is committed to this exciting Project over the long term and will focus on opportunities to realize the value of our interest in a manner more closely aligned with our core business model.” | |
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