/biz/ - Business & Finance

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/568-tsx/img/125776-iamgold-announces-results-of-cote-gold-project-update.html

New Cote gold project cost estimate just dropped. It is now expected to cost $2.8B for the 35.5ktpd project, how the fuck did they manage that lol? Their estimate when they broke ground as $1.3B, that's more than a 100% cost overrun, just amazing.
Also mining cost of $2.62/t in the study which I'm guessing is probably reasonably reliable. Just something to look for if you are seeing PEAs from these juniors. I was looking at an open pit PEA from 2020 with a mining cost estimate of $1.31/t I think it was, probably going to be at least twice that, was a small project too.