Existing Mill Advantage Cuts the Capital Cost of New Gold and Silver Output - Crux Investor

AI desk brief

Gold and silver developers are increasingly using existing mills, toll treatment, and plant upgrades to cut the capital burden of new production, often avoiding the need to build mills, tailings facilities, and much of the supporting infrastructure. The article highlights Radisson’s O’Brien PEA around toll milling at IAMGOLD’s Doyon mill (C$175 million initial capex, NPV C$532 million at US$2,550/oz gold), New Found Gold’s Pine Cove conversion to lift Hammerdown recoveries from 87.7% to about 92%, and Santacruz Silver’s US$14 million mill purchase to free up 500 tpd of capacity.