The preliminary economic assessment (PEA) for the Cariboo gold project, in the historic Wells-Barkerville mining camp of British Columbia, provides a solid base-case for the project, which boasts low capital costs and “superb” production expansion potential.
Early this week, Barkerville published a PEA for the 185 000 oz/y Cariboo project, which put forward a net present value of C$402-million, an aftertax internal rate of return of 28% and capital expenditure of C$306-million.