Pilar Gold Has Four Million Ounces Modelled At $1,600

Why It Matters

The project's extensive reserves and shovel‑ready status promise long‑term cash flow, making it a compelling investment amid a market craving low‑cost, high‑grade gold assets.

Key Takeaways

• Pilar Gold models 4 million ounces at $1,600 per ounce.
• Underground complex comprises Pilar, Marie Lazara, and Caiama mines.
• Open‑pit Tre Barracas may produce up to one million ounces.
• Projected mine life exceeds 40 years with deep‑level operations.
• Company touts being the most shovel‑ready gold mine worldwide.

Summary

Pilar Gold (ticker) announced that its flagship Pilar Alister deposit is modeled at 4 million ounces of gold using a $1,600 per ounce price, positioning the project as a long‑term, high‑grade asset.

The company operates three underground mines—Pilar, Marie Lazara and Caiama—plus the nearby Tre Barracas open‑pit, which has already been drilled to 400,000 ounces and could expand to roughly one million ounces. The underground complex, adjacent to Aura Minerals’ former AngloGold Cresson mine, is expected to remain productive for more than four decades, with the deepest workings reaching 300 m.

Management highlighted that about 400 ounces of gold are currently stranded in the CIL circuit after an unexpected shutdown in March 2024, underscoring the mine’s ready‑to‑produce status. A spokesperson claimed, “We are probably the most shovel‑ready gold mine in the industry.”

If the model holds, Pilar Gold could generate sustained cash flow and attract capital at a time when investors seek low‑cost, long‑life gold projects, potentially boosting its valuation and strategic appeal.

Original Description

Find out more about Pilar Gold: https://www.pilargold.com/pilargold-equity-raise-rn?SQF_LEAD_SOURCE=vx

Pilar Gold is all set to restart mining operations in Brazil, working off a four million ounce resource base that could go considerably bigger. As a former producer, all the infrastructure needed to start work is already in place, much of it put in by the original owner Yamana. Pilar's chief executive Jeremy Gray joins Vox to provide a more in-depth insight into the nature of the opportunity at Pilar, and also to give us a round-up of developments at the other companies he's involved with too. Interested investors have an opportunity to participate in Pilar's latest fundraising round by clicking on the link.

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