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Argentina
La Fortuna is a high-grade project being advanced toward a production decision by Minera Alamos. In a preliminary economic assessment released in August 2018, Minera Alamos published a study envisioning an open pit mining operation with a gravity circuit and flotation plant targeting average production of 50 koz of gold-equivalent ounces over a 5 year mine life at an AISC of
US$440/oz. The study estimated an after-tax NPV at a 7.5% discount rate of US$69.8 million, an IRR of 93% and an 11 month payback. Minera Alamos received the main federal permits for the mine in 2020 and continues to advance engineering work at La
Fortuna as part of its development pipeline.
Metalla holds a 1% NSR royalty on La Fortuna and an additional 2.5% NSR royalty, which is limited to US$4.5 million.
Metalla GEOs reflect the attributable gold-equivalent ounces under the 0.08% net profits interest. Resources shown exclusive of reserves. See Asset Handbook for full notes.