Coka Rakita to be largest gold mine in region worth up to USD 2.2 billion - Canadians to mine 41 tons of gold near Zagubica
Source: eKapija
Monday, 01.12.2025.
13:06
Monday, 01.12.2025.
13:06
(Photo: Africa Studio/shutterstock)
However, the most dramatic part concerns the sensitivity analysis: in a scenario in which the price of gold reaches USD 3,500 per ounce (USD 108.9 million per ton of gold), the total value of the mine would practically triple, to about USD 2.2 billion, the company announced.
So, in the conservative scenario, the mine remains highly profitable. In the optimistic scenario, the economic value of the project practically explodes and Coka Rakita could be ranked among the most profitable mines in the region, and even in Europe.
The latest study includes estimates that the mine will produce about 41 tons of gold over its expected life of 10 years, compared to a previous preliminary estimate of about 37 tons. An average annual production of about 4.6 tons of gold is expected, including approximately 5.9 tons per year during the first five years.
Of course, the initial capital costs have also increased, which in the new scenario amount to USD 448 million (more than the previously estimated USD 379 million from the pre-feasibility study.
According to the current dynamics of the project, according to DPM, the construction of the mine should begin in early 2027, and the first processing of ore is expected in the first half of 2029. When the works reach full capacity, the project should provide around 500 jobs — including direct employment in the mine and processing, as well as indirect employment through subcontractors, logistics, service companies and local suppliers.
DPM Metals received approval in mid-November to initiate the development of a Special Purpose Area Spatial Plan for Coka Rakita, which represents a key milestone in the permitting process. Also, most of the baseline studies for the environmental and social impact assessment have already been completed, while the company continues with the activities necessary for the timely progress of the project.
The Coka Rakita project is estimated at 7.34 million tons of ore with a content of 6.44 g/t gold.
B. P.
Opis:
Vidi sve
Companies:
DPM Avala doo Beograd
Tags:
DPM Metals
Dundee Precious Metals
Crni Vrh near Žagubice
gold mine
feasibility study
gold production estimate
mine value
gold price
Investicije na lokaciji:
2025.
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