The Salave gold project, in Spain, could produce some 1.1-million ounces of gold in concentrate over a mine life of 14 years, according to the preliminary economic assessment released on Monday.
ASX- and TSX-V-listed Black Dragon Gold said that the project would likely require a capital investment of $95.3-million, with the after tax net present value estimated to range between $184.7-million and $273.9-million, while the internal rate of return expected to be between 23% and 35%.