Building the Large-Scale Gross Mine
Progressing the Montagne d'Or Project
Montagne d'Or Project Overview
Location
Project parameters
Location
Infrastructure
Mine Type
Initial Capex
Possible start-up
year
Average
production
Development
Stage
Project Highlights
French Guiana, 80 km from
port of St Laurent
Airstrip, access road, camp
Open pit
US$361 million
2022-2023
200+ koz; LoM 12 years
Permitting
Nordgold owns 55.01% and is a project operator; Columbus
Gold owns remaining shares
Nordgold's attributable M+M+1 Mineral Resources of 2.6
Moz at 1.4 g/t and P+P Ore Reserves of 1.5 Moz at 1.6 g/t;
Straightforward metallurgy: gravity + cyanidation. Excellent
recovery averaged at around 94%
As per FS, after-tax NPV of US$370 million at 5% and IRR is
18.7% at a gold price of US$1,250 per ounce; all-in
sustaining costs are US$779/oz
Preliminary ESIA was completed in Q1 2015, completion of
full ESIA is expected in Q4 2018
3D Mine Model
Deposit Cross Section
T
nordgold
more than gold
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