Bluestone Resources

Bluestone Resources is developing the high-grade Cerro Blanco gold project in Guatemala. An updated feasibility study released in 2022 outlined conventional open pit mining and processing to produce 241,000 ounces per year at all-in sustaining costs of $629/oz. This positions Cerro Blanco in the lowest quartile of the industry cost curve. The initial 14-year mine life contains probable reserves of 2.8 million ounces at a grade of 1.64 g/t gold.

The $572 million initial capital project has robust economics including an after-tax NPV of $1.05 billion and IRR of 30% at a $1,600 per ounce gold price assumption. Bluestone highlights Cerro Blanco's potential to be a long-life asset with further exploration upside. The company also owns the Mita geothermal project nearby, which could supplement power to the mine.

Bluestone's team has decades of experience developing and operating mines in the Americas. The company is committed to sustainable development in Guatemala through training local workers, building community capacity, and responsible environmental management.

Bluestone's goal is to create a leading mid-tier gold producer. Near term milestones include project financing and potential strategic partnerships. With strong cash flow generation and exploration upside, Cerro Blanco offers investors attractive leverage to the gold price in a top mining jurisdiction.