Unigold Inc (CVE: UGD- OTCQX: OGDIF) CEO Joseph Hamilton joined Steve Darling from Proactive to bring news the company released the results of the Preliminary Economic Assessment fro their 100% owned Candelones Oxide Project in the Dominican Republic.
Hamilton telling Proactive the PEA goes on 5,000 tonnes per day run-of-mine heap leach operation with an average annual payable gold production of 31,000 oz. This also includes 50% Pre-Tax Internal Rate of Return, 35% After-Tax IRR and average annual after-tax free cash flow of US$23 Million.
Hamilton also told Proactive the company will move to rapidly develop both projects over the next few years as it concurrently moves the oxide project through required community consultation, environmental studies, detailed engineering and permitting .
Story by ProactiveInvestors
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