GLDG’s La Mina gold-copper project sees after-tax NPV jump 265% to $1 billion, with payback in under three years.
GoldMining Inc (GLDG) announced an updated preliminary economic assessment for its La Mina project, showing a 265% increase in after-tax net present value to $1 billion. The study uses base prices for gold, copper, and silver, with initial capital expenditures of $523 million and a 2.7-year payback period.
At spot prices, the project’s NPV rises to $1.8 billion, reducing the payback period to 1.9 years. The prior assessment did not disclose comparable figures. La Mina represents 9% of GLDG’s global measured and indicated resources on a gold-equivalent basis.
GLDG stock has gained over 50% in the past year, with analysts projecting a 190% increase in the next 12 months. The company is advancing gold and gold-copper projects across the Americas.