Sonoro Gold releases revised PEA for Cerro Caliche showing strong economics and low capex

Sonoro Gold filed an updated technical report and preliminary economic assessment (PEA) for the Cerro Caliche project outlining a 10-year open-pit, heap-leach plan. The study forecasts life-of-mine gold-equivalent production of ~459,000 oz (avg ~46,000 oz/yr), pre-tax NPV (8%) of $360m and IRR of 65% (after-tax NPV $224m, IRR 50%), with a payback of ~1.7 years. Initial capex is estimated at $83m, sustaining capex $26m, cash costs ~$1,842/oz and AISC ~$1,902/oz, using $3,500/oz gold and $48/oz silver assumptions. While the PEA strengthens the project’s economics and should be positive for Sonoro’s equity, its immediate effect on broader gold prices (XAUUSD) is likely limited — supportive for junior gold sentiment but not material to global gold supply or prices.