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TriStar Gold CEO Comments on its Updated PFS Published for the Castelo de Sonhos Project
May 8, 2025
In this conversation, Nick Appleyard, CEO of TriStar Gold, discusses the promising Castelo de Sonhos Gold Project in Brazil. He highlights the project's simplicity and attractive economic potential, especially in light of current gold prices. Nick sheds light on the critical aspects of permitting and community engagement, which are vital for future operations. He also emphasizes Brazil's robust mining industry, making it an appealing destination for investors, especially given the recent successes of mid-scale gold mines.
17:20
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Quick takeaways
- The updated feasibility study for the Castelo de Sonhos project reveals significant resources and an attractive economic outlook amid rising gold prices.
- Community engagement and securing permits are essential for TriStar Gold to ensure the project's viability and social license in Brazil's mining sector.
Deep dives
Update on Castelo de Sonhos Gold Project
The Castelo de Sonhos gold project in Brazil has seen significant developments with an updated preliminary feasibility study revealing 1.8 million ounces of resources and confirming its simplicity as a mid-tier scale project. The project features shallow pits, with depths around 100 meters, and a metallurgy process that yields an impressive 98% recovery rate of gold. The updated study also accounted for a current gold price of $2,200 per ounce, resulting in a favorable after-tax net present value (NPV) of $603 million and an internal rate of return (IRR) of 40%. This update reflects not only a change in gold price but also aims to address increased investor interest regarding the project's viability in today's market conditions.
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