Bluestone Resources Inc.: Bluestone Increases NPV of Cerro Blanco by over 275% to $907 Million and Peak Gold Production to over 300 koz per Year
7.5:1
0.78:1
277,000 ounces
231,000 ounces
Mine life
G&A - $2.28/tonne milled
Total operating costs
$570/oz Au
$642/oz Au
$173 M
$272 M per year (years 1-4)
Total production after-tax free cash flow
$2.0 B
IRR (after-tax)
28.5% (base case), 36% ($1,800/oz gold) all in sustaining cash costs (net credits) = (operating costs + offsite costs + royalties + sustaining and closure capital - value of payable silver ounces) / payable gold ounces
Table 2 - Economic Sensitivities, Leverage to Gold Price
Gold price ($/oz)
Permitting and Environmental Baseline Data
Bluestone continues to advance the Cerro Blanco Project application through the national processes, which is well understood and defined. The Company is supported by a reputable in-country expert with extensive experience in permitting natural resource and industrial proje
The European Commission’s review of the Non-Financial Reporting Directive (NFRD), scheduled for publication shortly, comes at a time of increased scrutiny of both corporates and those who supply them with debt and equity.
NFRD has mandated a non-financial statement for companies with over 5,000 employees since 2017. It introduced the concept of ‘double materiality’ – the effect of sustainability issues on the company as well as of the company on wider society.
The EU is now set to expand the scope of non-financial reporting as a means to encourage sustainable behaviour by companies as part of the European Green Deal and the EU’s 2050 carbon-neutrality target. The aim is to shift capital and resources towards activities outlined in the Taxonomy for Sustainable Activities in support of these objectives, and presumably over time to raise the cost of capital to non-sustainable companies and activities.
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