Gold Production in Southern Ecuador

6 million oz Gold & 27 million oz Silver

Free
Message: DMM Updates Resource Estimate for the Zaruma Mine

On Sept. 18, Dynasty updated the resource estimate for their operating Zaruma Mine.

http://www.dynastymining.com/investors/newsreleases/pr_2014_09_19.php

DYNASTY ANNOUNCES UPDATED ZARUMA GOLD PROJECT
RESOURCE ESTIMATE AND PRELIMINARY ECONOMIC ASSESSMENT

Excerpt from the news release ...



" The salient information for the Zaruma Project from the PEA contained in the Technical Report is the following:


- it produces an earnings before interest, tax, depreciation and amortisation of $683 million;


- at a 10% discount rate, it produces a taxed net present value (NPV) of $218 million and untaxed NPV of $322 million;


- it produces a taxed net cash flow of $441 million and an untaxed net cash flow of $653 million;


- it has a total unit cash operating cost of $855/oz (taxed) and $658/oz (untaxed);


- the overall operating costs equate to 51% of total revenue;


- total capital expenditure is estimated at $29 million; and


- it pays $66 million in royalties and $213 million in taxes, over its estimated 15 year mine life. "




Here'e the link to the updated technical report.

http://www.dynastymining.com/investors/technical/2014-09-18-Zaruma-Independent-Preliminary-Assessment.pdf

Share
New Message
Please login to post a reply