ZURICH, SWITZERLAND / ACCESSWIRE / July 14, 2016 / Today, Stephan Bogner from Rockstone Research published an initiating coverage on Golden Dawn Minerals Inc. (TSX.V: GOM) as the company plans to start mining as early as September/October this year. The company is gearing up to breathe new life into a past-producing gold-silver-copper mine in southern British Columbia – the Greenwood Project, consisting of a state-of-the-art floatation mill (installed in 2008), the Lexington-Grenoble Mine, the May Mac Mine, the Golden Crown Mine and all ancillary equipment and rolling stock.
While most gold mines worldwide cost around $1,100 USD/oz to operate, engineering studies demonstrate that Golden Dawn could mine, process and ship its gold to the market as little as $820/oz (all-in sustaining costs). This would translate into an enviable operating margin of >$500/oz with gold trading >$1,320/oz. At a projected average output of 20,700 oz of gold equivalents per year, the initial mine life of 5 years is expected to produce 104,000 gold equivalent oz. The mine is forecasted to generate an average of $8.6 million CAD per year in after-tax cashflow, based on cumulative revenue of $158 million CAD over 5 years (assuming a gold price of $1,250 USD/oz).
The full report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/GoldenDawn1en.pdf
English (web version):
German (PDF):
http://rockstone-research.com/images/PDF/GoldenDawn1de.pdf
Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
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