Payback PeriodThe payback period is the time it takes after first gold production to earn back the capital invested in building a new mine.
A short payback period will always positive. It limits exposure risks such as decreases in gold price, exchange rates and production costs. is more significant to those supplying debt to build the mine because they only care about having their loan repaid. Where equity is raised to fund mine construction, A short payback period is attractive because, |