Canada’s Scottie Gold mine reveals ‘clear growth potential’

Results from an independent preliminary economic assessment for the Scottie Gold Mine in Canada reveal ‘robust economics and clear growth potential. The assessment outlines a robust direct ship ore (DSO) development scenario for Scottie, delivering a post-tax net present value ranging from C$215.8 million ($234.82 million) to C$668.3 million at gold prices of US$2,600 to US$4,200 per ounce, respectively. 

Scottie reports the assessment also presents the opportunity to use excess capacity at the nearby premier mill through a toll-milling arrangement, which could enhance project economics. Under this scenario, the company says the post-tax NPV increases to C$380.1 million at US$2,600 per ounce and C$831.7 million at US$4,200 per ounce. 

Over a seven-year mine life, the Scottie Mine is forecast to produce 65,400 ounces of gold. The project also demonstrates a post-tax payback period of 1.7 years for the standalone DSO case, and just 9 months under the toll milling opportu