Assets

Overview


  • Camino Rojo Cerro Quema

  • Value growth through development of low-risk, low capital intensity heap leach projects with strong exploration upside.

    Camino Rojo, Mexico

    • Oxide project currently in production, over 100,000 ounces produced in 2022; 2023 AISC2 guidance: $700-$800/oz Au sold
    • Sulphide project: 7.3Moz gold sulphide resource below the oxide resource; deeper potential for extension
    • 1.4 Moz Total Proven and Probable Reserves (58.5 Mt at 0.74 g/t)1
    • 9.2 Moz Total Measured and Indicated (343.2 Mt at 0.84 g/t) 1

    South Railroad Project, Nevada, USA

    • Low capital, high margin heap leach project analogous to Camino Rojo
    • Updated 2022 Feasibility Study: 8+ years mine life, ~152 koz annual production
    • Proven and Probable Gold Reserve of 1.6 million ounces (65.2 Mt at 0.77 g/t)3
    • Significant resource growth opportunities in 21,000 Ha land package with multiple targets on the Carlin Trend

    Cerro Quema, Panama

    • Oxide project with Pre-Feasibility Study
    • Copper-gold sulphide resource at Caballito
    • Proven and Probable Gold Reserve of 0.6 million ounces (21.7 Mt at 0.80 g/t)4
    • Measured and Indicated Mineral Gold Resource of 1.0 million ounces (66.2 Mt at 0.48 g/t)including Caballito

     

    1. See “Unconstrained Feasibility Study NI 43-101 Technical Report on the Camino Rojo Gold Project – Municipality of Mazapil, Zacatecas, Mexico”, dated January 11, 2021 and “Summary of Mineral Reserve and Mineral Resource Estimates” in the Company’s Annual Information Form for the year ended December 31, 2022. Mineral resources are inclusive of mineral reserves. 
    2. Total cash cost and AISC are non-GAAP measures and are net of silver credits and includes royalties payable. 
    3. See Gold Standard’s NI 43-101 Technical Report titled “South Railroad Project, Form 43-101F1 Technical Report Feasibility Study, Elko County, Nevada” dated March 14, 2022 and an effective date of February 23, 2022.
    4. See “Project Pre-Feasibility Updated NI 43-101 Technical Report on the Cerro Quema Project, Province of Los Santos, Panama” dated January 18, 2022. Mineral resources are inclusive of mineral reserves. 

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