Rovina Valley gold/copper project, Romania
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Name of the Project
Rovina Valley gold/copper project.
Location
West central Romania.
Client
Euro Sun Mining.
Project Description
The project comprises the Colnic and Rovina gold/copper deposits amenable to openpit development and the Cirestata gold/copper deposit suitable for underground development. The project has total measured and indicated resources of 396-million tonnes grading 0.55 g/t gold and 0.16% copper.
The results of the preliminary economic assessment (PEA) for the Colnic openpit – the initial phase of development of the Rovina Valley project – focuses on the exploitation of the deposit, which proposes to produce 1.67-million gold equivalent ounces over 12 years. Average yearly gold equivalent production is estimated at 139 000 oz. Gold production is estimated at 108 000 oz/y and copper production at 12.3-million pounds.
The processing plant will process an estimated of 20 000 t/d incorporating flotation and dry stack tailings deposition.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $218.1-million with an internal rate of return of 15.4%.
Value
Total capital expenditure is estimated at $352-million.
Duration
Not stated.
Latest Developments
None stated.
Key Contracts and Suppliers
Lycopodium Minerals Canada and AGP Mining Consultants (PEA).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Euro Sun Mining, tel +1 416 861 2267 or email info@eurosunmining.com.
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