Fortuna Mining (FSM) reports the results of the Preliminary Economic Assessment, PEA, prepared for the Diamba Sud Gold Project in Senegal. The PEA supports project economics for the development of an open-pit mine and conventional carbon-in-leach processing plant. At a gold price of $2,750 per ounce, the assessment unveils an after-tax NPV5% of $563 million, an IRR of 72 percent, and a payback period of ten months. During the first three years of production, Diamba Sud is projected to deliver an average of 147,000 ounces of gold per year at an All-In Sustaining Cost1 of $904 per ounce.
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