For $62.8 million, Gold Road Resources Ltd could have a 400,000 tpa operation running by late 2014 at the Yamarna gold project - and have it paid back in less than two years. Findings released in the company's recent scoping study outlined a robust initial stage mining operation via open pits at the low-grade Attila South and Alaric resources, and an underground operation taking the top 250m of the resource at the high-grade Central Bore resource at Yamarna, 150km north-east of Laver-ton, Western Australia. Ore from the three mines could sustain a 47,500 ozpa operation for four years, producing a total 190,000oz. The operation at its current stage has an IRR of 42%, a pre-tax net cash return of $47 million, and average operating costs of $806/oz.
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