Romero

JDS led GoldQuest's revised Preliminary Economic Assessment for the Romero gold-copper project in Dominican Republic, focusing on a smaller, high-grade underground mine. The 2015 PEA delivered significant enhancements: 2.7-year capital payback, nine-year underground operation at 2,500 tpd (912,500 tpa) averaging 117,000 recovered gold equivalent ounces annually, 86% indicated resources (6.6Mt) with remaining resources available for future extraction, and reduced environmental footprint without on-site cyanide use. JDS and GoldQuest improved project economics to 34% after-tax IRR and C$219M NPV. JDS was subsequently retained in mid-2016 to advance the project to Pre-Feasibility Study.