Sunday Lake Gold Presents Plans to Advance Fenelon Toward Pre-Feasibility Study
Bitget2026/10/29 17:39- Sunday Lake Gold has funded Fenelon's pre-feasibility study through an approximately CAD 56 million private placement.
- The study is expected to be completed by the end of 2027 or early 2028.
- Fenelon's preliminary economic assessment estimates after-tax net present value of CAD 706 million at a USD 2,200-per-ounce gold price.
- The project carries estimated initial capital costs of CAD 579 million, with an after-tax internal rate of return of 21%.
- Projected annual gold production averages 107,000 ounces over a 16-year mine life.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Silver Price Forecast: XAG/USD trades flat around $53 ahead of US inflation data
Crypto prices
More
