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
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(Photo: Africa Studio/shutterstock)
The Coka Rakita gold project in the Crni Vrh area near Zagubica is entering the final phase of development, and a new feasibility study by DPM Metals (formerly Dundee Precious Metals) shows that this deposit could become one of the most profitable in the region. Just a year ago, in a pre-feasibility study from December 2024, the net present value (NPV) of the project was estimated to be around USD 735 million, while now the feasibility study shows a value of USD 782 million, with an average gold price of USD 1,900 per ounce (approximately USD 59.1 million per ton of gold).

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.

Šta imamo u krugu od:
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Procena je da će tokom radnog veka rudnika od 10 godina biti iskopano 1,2 miliona unci zlata ili oko 34 tone.

Prostorni plan će obuhvatiti delove teritorija opštine Žagubica (deo KO Laznica - Selište i deo KO Žagubica) ukupne površine 8.670 ha. Proizvodni kompleks budućeg rudnog ležišta (oko 280 ha) nalazi se unutar Planskog područja, odnosno istražnog prostora Čoka Rakita (1.393 ha) na području KO Laznica-Selište, delu sliva reke Lipe, pritoke reke Veliki Pek. Zona mogućih uticaja rudarskih aktivnosti obuhvata delove KO Laznica – Selište, KO Žagubica i KO Jasikovo (opština Majdanpek). Najbliža naselja rudarskom kompleksu su Laznica, Jasikovo i Žagubica (oko 10 km).

Orudnjenje se nalazi na dubini između 250 m i 560 m ispod površine terena. Maksimalna dužina orudnjenja po padu iznosi oko 340 m. Ležištu će se pristupiti putem dva niskopa od površine terena. Preovlađujući metod eksploatacije koji će se koristiti je metod otvorenih otkopa primenom dubokih minskih bušotina. Postrojenje za flotaciju planirano je da se izgradi na oko 1 km severno od vrha Čoka Rakita. (2025)
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