Choose by Industry Sector:
A Signature Collection of Significant Companies in Canada
ADF Group Inc.
Alcoa Canada
BCE Inc.
Bombardier Inc.
Canadian National Railway Company
Canadian Tire Corporation, Limited
Cara Operations Limited
Cargill Limited
CH2M HILL Canada Limited
CNW Group Ltd.
Dow Chemical Canada ULC
Four Seasons Hotels and Resorts
General Motors of Canada Limited
Glencore Canada Corporation
Goldcorp Inc.
LifeLabs Medical Laboratory Services
Manulife Financial Corporation
McCormick Canada Co.
Medtronic of Canada Ltd.
Merck Canada Inc.
Meridian Credit Union Limited
Morneau Shepell Inc.
Nexans North America
Ontario Teachers' Pension Plan
Open Text Corporation
Otis Canada, Inc.
PCL Group of Companies
Penn West Petroleum Ltd.
Pratt & Whitney Canada Corp.
Redpath Sugar Ltd.
Royal Bank of Canada
SNC-Lavalin Group Inc.
Statoil Canada Ltd.
Tembec Inc.
Transcontinental Inc.
Focus on Energy
49 North Resources Inc
Connacher Oil and Gas Limited
Junex Inc
Focus on Mineral Exploration and Development
49 North Resources Inc
Abacus Mining & Exploration Corporation
ABE Resources Inc
Aquila Resources Inc
Asanko Gold Inc
Avanti Mining Inc
Benton Resources Inc
Cadillac Ventures Inc
Colombia Crest Gold Corp
Detour Gold Corporation
Focus Graphite Inc
Geologix Explorations Inc
Gespeg Copper Resources Inc
Gold Bullion Development Corp
GoldQuest Mining Corp
Grafoid Inc
Great Western Minerals Group Ltd
Guyana Goldfields Inc
Happy Creek Minerals Ltd
Hard Creek Nickel Corporation
INV Metals Inc
Laurion Mineral Exploration Inc
Legend Gold Corp
Marathon Gold Corporation
Metals Creek Resources Corporation
Metanor Resources Inc
Monument Mining Ltd
New Pacific Metals Corp
Northern Gold Mining Inc
Orezone Gold Corporation
Pelangio Exploration Inc
Playfair Mining Ltd
Precipitate Gold Corp
Premier Gold Mines Limited
Premium Exploration Inc
Royal Nickel Corporation
Silver Fields Resources Inc
Skyharbour Resources Ltd
Sultan Minerals Inc
Threegold Resources Inc
Tinka Resources Limited
True North Gems Inc
Victory Nickel Inc
VMS Ventures Inc
Western Copper and Gold Corporation
Wolfden Resources Corporation
Yellowhead Mining Inc
Focus on Mining
Alhambra Resources Ltd
Capstone Mining Corp
Great Panther Silver Limited
New Gold Inc
Richmont Mines Inc
Rochester Resources Ltd
San Gold Corporation
Sparton Resources Inc
TVI Pacific Inc
Veris Gold Corp

In Brief | ROMERO PROJECT PEA Highlights

In Brief

GoldQuest Mining Corp. (GQC: TSX-V) is a Canadian based exploration and development company focused on gold and copper in the Dominican Republic. With a Board and Management Team that have previously developed a mine still operating in the Dominican Republic, the Company is focused on developing its 100% owned Romero Project, and further exploring its Tireo Property.


  • Pre-tax net present value ("NPV") of $355 million based on a 6% discount rate ($219 million NPV after-tax).
  • Pre-tax internal rate of return ("IRR") of 46% (34% IRR after tax).
  • Life-of-mine ("LOM") all-in sustaining costs ("AISC") of $572/oz gold equivalent ("AuEq") payable.
  • Payback of capital within 2.7 production years.
  • Pre-production capital expenditure estimate of $143 million, plus $92 million of sustaining and closure capital over LOM totaling $235 million.
  • A nine-year underground mine at an average production rate of 912,500 tonnes per year (2,500 tonnes per day) with an average production of 117,000 AuEq oz recovered (NOTE) per year.
  • LOM production to concentrate is a total of 1.1 million ounces of AuEq consisting of 750,000 ounces of gold, 133.8 million lbs. of copper and 526,000 ounces of silver.
  • Total metal recoveries consisting of 75% for gold and 96.8% for copper to a single concentrate for sale to copper smelters. The concentrate grade is expected to contain 20% copper, and 76.9 g/t gold, with no perceived penalty elements.
  • Total LOM net smelter return (NSR) revenue of $1.2 billion, an undiscounted pre-tax cash flow of $530 million ($343 million post-tax) from processing 7.7 million tonnes with a diluted grade of 5.39 g/t AuEq (4.02 g/t and 0.81% copper) with a NSR of $152 per tonne and cash operating costs of $53 per tonne.
  • Of the mineral resources used in the Revised PEA mine plan, 86% (6.6 million tonnes) are from the indicated resource category and 14% (1.1 million tonnes) are from the inferred resource category. The remaining 12.8 million tonnes in the indicated category, and 8.9 million tonnes in the inferred category, either surround the planned Romero mine, or are in Romero South and are available for extraction in the future.
  • The Revised PEA contemplates an environmentally sensitive approach, including a small surface footprint and no use of cyanide on site, seeking to minimize the impact on the environment and the local communities. Previous studies recognized significant values for the hydro electric potential for the mine locale, which are not included in the Revised PEA and which provide significant upside potential.

NOTE: AuEq oz recovered is calculated by the following: Au oz recovered + ((Cu lbs recovered * $2.90/lb) + (Ag oz recovered * $17/oz)) / $1,225oz)

JDS Energy & Mining Inc. is a Vancouver based mining consulting company which has extensive experience in mining and development studies. JDS assembled a multi-disciplinary international team of experts to conduct the Revised PEA.

GoldQuest is translating the Revised PEA into Spanish in order to submit it to the Dominican Ministry of Energy and Mining in order to start the mining permit application process.

Corporate Profile on Stockhouse

Printer Friendly Version
Company Listing for GoldQuest Mining Corp
Email GoldQuest Mining Corp
Visit GoldQuest Mining Corp Website