Dual-listed Serabi Gold on Friday published the results of a preliminary economic assessment (PEA) for its Coringa gold project, the results of which the company said “fully supported” its plans for a high-grade, underground mining operation in Para state, Brazil, where it already operates the Palito Complex.
The PEA estimates that the Coringa gold mine will have an average grade of 8.34 g/t and that it will produce a total of 288 00 oz over its nine-year mine life. On average, the mine will produce 38 000 oz/y at an all-in sustaining cost of $852/oz.