On Thursday, Shares of Yamana Gold, Inc. (NYSE:AUY), surged 4.80% to $2.40.
BRIO GOLD INC. a partner of Yamana Gold Inc. is hereby announcing the modified process flow sheet and results from the recently accomplished metallurgical testwork at the C1 Santa Luz project (“C1 Santa Luz”), located in the Bahia State of Brazil. The results of the work to date have been incorporated into a Preliminary Economic Assessment Report (“PEA”) in accordance with National Instrument 43-101, which comprises an updated mine design and production plan based on a new mineral resource in connection with the current operating cost estimates and recovery parameters. The PEA is being accomplished by Roscoe Postle Associates Inc (“RPA”).
PEA Results Highlights
- After-tax net present value (“NPV”)(1) at a 5% discount rate of $199 million and an after-tax internal rate of return (“IRR”) of 56%, based on the open pit mineral resource only.
- Average annual gold production of about 100,000 ounces over a ten year mine life, for total open pit life of mine (“LOM”) gold production of 1.03 million ounces of gold.
- Total average LOM recoveries of 83.7%.
- Average LOM all-in sustaining costs(1,2,3) (“AISC”) of $898 per ounce.
- Initial plant capital cost(1) of $27.7 million, plus a $4.9 million contingency.
- Total initial capital cost(1), counting initial plant capital cost, of $47.9 million, counting tailings dam lifts and liner, and community related costs.
- Open pit indicated mineral resource of 28.2 million tonnes at an average grade of 1.61 grams per tonne (“g/t”) gold for a total of 1.46 million contained gold ounces and an open pit inferred mineral resource of 1.5 million tonnes at an average grade of 1.62 g/t gold for a total of 79,000 contained gold ounces.
- Underground indicated mineral resource of 2.0 million tonnes at an average grade of 2.25 g/t gold for a total of 144,000 contained gold ounces and an underground inferred mineral resource of 10.8 million tonnes at an average grade of 2.5 g/t gold for a total of 865,000 contained gold ounces.
Yamana Gold Inc. engages in gold mining and related activities, counting exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas.
Shares of Schlumberger Limited (NYSE:SLB), declined -1.52% to $79.44, during its last trading session.
OneSubsea®, a Cameron (CAM) and Schlumberger (SLB) company, was awarded a contract in the second quarter of 2015 to supply subsea processing systems for the Shell Offshore Inc. Stones development in the Gulf of Mexico. This award follows a Technology Qualification Program and will deliver the industry’s first 15,000-psi subsea pump system, to be installed in the Gulf of Mexico at about 9500 ft (2900 m).
The subsea processing systems scope of supply comprises a dual pump station with two 3-megawatt single-phase pumps and two subsea control modules, a topside power and control module, a barrier-fluid hydraulic power unit with associated spares in addition to installation and maintenance tools. Manufacturing and testing will take place at OneSubsea’s processing center of excellence facility in Horsoy, Norway.
The system will be tied back to the Stones FPSO. The system is predictable to be ready for delivery from Horsoy in early 2018.
Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments.
Finally, Cheniere Energy, Inc. (NYSEMKT:LNG), ended its last trade with -5.02% loss, and closed at $61.14.
Cheniere Energy declared that its wholly owned partner, Cheniere Marketing International LLP has reached sales arrangements with Électricité de France, S.A. (“EDF”) for the delivery of liquefied natural gas cargoes on an ex-ship basis (“DES”) from the Sabine Pass LNG terminal to the Dunkerque LNG terminal in France. The sales arrangements cover the delivery of up to 26 cargoes, or up to about 100 million MMBtus, through 2018. The sales price for the LNG cargoes is linked to the Dutch Title Transfer index (TTF), a natural gas pricing index in continental Europe.
Volumes will be sourced from Cheniere Marketing’s LNG supply portfolio, which comprises rights under a sale and purchase agreement with Sabine Pass Liquefaction, LLC to purchase any LNG produced from Sabine Pass in excess of that required for other customers. Cheniere Marketing has a similar SPA with Corpus Christi Liquefaction, LLC for LNG produced from Cheniere’s Corpus Christi liquefaction project. On a combined basis, Cheniere Marketing’s LNG portfolio is predictable to have about 9 million tonnes per annum of LNG accessible from the nine liquefaction trains being developed at Sabine Pass and Corpus Christi.
Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business.
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