Advancing the Cerro Blanco Gold & Mita Geothermal Projects
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Stock Code:
TSX-V: BSR, OTCQB: BBSRF
Company Exposure:
Gold
Project Location:
Guatemala
Bluestone Resources Inc. is a natural resource company focused on advancing the high-grade Cerro Blanco gold project and the Mita geothermal project. A PEA on the Cerro Blanco project highlighted an asset capable of producing over 300k oz/yr with an average annual production of 231k oz/yr at an all-in sustaining costs of ~$642/oz over an initial 11-year mine life. The Mita geothermal project is a renewable energy project, licensed to produce up to 50 megawatts of power. The Company trades under the symbol “BSR” on the TSX Venture Exchange and “BBSRF” on the OTCQB.
Investment Highlights
- Robust Economics: A PEA demonstrated robust margins with an after-tax NPV of $907M
- Near surface resource of 3.1Moz gold (M&I)
- Asset capable of +300,000 oz/yr, with an average annual production of 231,000 per year
- 1st Quartile AISC: AISC of $642/oz gold
- Average annual free cash flow of $186M per year and LOM total free cash flow of $2B
- Near-term Catalysts: Drilling underway to incorporate into an updated resource estimate along with a Feasibility Study
