investment projects

Extraction and processing of gold ores

  • Indicator Results
  • Investment amount, thousand US dollars 100 000
  • NPV of the Project thousand, US dollars 337 000
  • IRR, % 45%
  • IBITDA yield, %
  • Payback period, years 3
  • Discounted payback period, years - -

Project

Extraction of explored gold ores at the Kogadyr-6 deposit and construction of a gold recovery plant. The total reserves are 58 tons of gold resources (JORC), of which 10.9 tons are in the "indicative" category and 28.6 tons are in the "inferred" category. The average gold content is 1.2 grams per ton.

Company

Central Asia Gold Group is engaged in exploration and mining of gold ores at the Kogadyr deposit with a total area of ​​33 sq. km (includes 11 objects).

Market

Kazakhstan's gold market is estimated at $5.5 billion in 2020. Gold consumption in Kazakhstan is mainly generated by processing gold at three refineries: Kazzinc, Kazakhmys and Tay-Ken Altyn. Currently, all refined gold produced is used to replenish the country's gold and foreign exchange reserves.

What is the attraction of the project?

Products in the form of finished doré are sold directly to the state-affiliated Tay-Ken Altyn refinery, which provides the investor with an off-take (the purchase price corresponds to the price level of the London Bullion Market Association). The ultimate buyer of refined gold is the National Bank of the Republic of Kazakhstan. Revenue is paid in US dollars and the majority of operating expenses are in Kazakhstani tenge.

Investment proposal

It is proposed to sell a stake in the company for $100 million for a mining and processing plant. The initiator is ready to sell a controlling stake in the company at an estimated cost of $120 million.


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