CAPITAL MARKETS

Hemi numbers looking golden for De Grey

DE GREY Mining is raising A$300 million in new equity as it reveals the proposed Mallina gold project in Western Australia will cost $1.3 billion to build and will initially produce well over 500,000 ounces per annum for 10 years at all-in sustaining costs of $1200-1300oz per annum.

Hemi numbers looking golden for De Grey

The current gold price is about $3000/oz. De Grey expects project payback to be achieved in less than two years. First gold is anticipated in the second half of 2026 - representing a circa seven-year...

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