Gowest Gold has completed the preliminary economic assessment (PEA) on its Frankfield East Gold deposit located in the North Timmins gold project in Canada.

The PEA is based on the current resource estimate developed on the Frankfield East Gold deposit in June, which includes 348,000 indicated ounces and 838,900 inferred ounces.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The study has taken into consideration the construction of a new mine and processing facility with an average annual production of 95,000oz of gold at a cash cost of $660/oz over a mine life of ten years.

The initial capital cost is estimated to be $167m, including the construction of a new process facility, phase one of the tailings storage facility and the necessary site infrastructure.

Gowest Gold is currently carrying out baseline environmental studies on the deposit and is expected to provide the final applications required for the mining permits in 2012.

 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Mining Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Mining Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now