PRECIOUS METALS

Bonterra Barry PEA for 30,000oz/y

Underground expansion could double output

Paul Harris in Toronto, Canada
Bonterra Resources' Barry project in Quebec, Canada

Bonterra Resources' Barry project in Quebec, Canada

The project would yield an after-tax net present value of C$48.3 million at a at a 5% discount rate and an internal rate of return of 43% at a US$1,600 per ounce gold price following an initial capital cost of $22.1 million.

The company is progessing to complete a pre-feasibility study expected to be completed by year end with permitting for the Bachelor mill and tailings expansion ongoing.

"The open pit resource at Barry is already in the measured and indicated category, which can be converted into reserves with a PFS so there is no more drilling required," Bonterra Resources president and CEO Marc Andre Pelletier told Mining Journal.

Bonterra aims to use Barry as a cash flow generator to allow it to invest in the development of the Barry underground deposit, which would bring production up to 60,000oz/y. "We would like to bring the underground portion of the deposit at Barry into production in three to five years," said Pelletier.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.