Nevada Mine Feasibility Study Quadruples Value, Supports Idaho Projects
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How it started
What happened
An updated feasibility study for a producing mine in Nevada raised the gold output and reserves, increasing annual production by 17% to 82,000 ounces over an eight-year life. The study also raised proven and probable reserves by 74% to 1.1 million ounces, though all-in sustaining costs increased 43% to $2,331 per ounce. The base case net present value is estimated at $601 million.
From northernminer.com
Why it matters
The increased value and positive cash flow from the Nevada mine could support the future funding of a project in Idaho. The updated valuation was based on a gold price assumption of $4,200 per ounce.
From northernminer.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
How it developed
Newest first. Tap a step to see who reported it.- Sidney Resources and Ocean Partners secured an ore agreement in Idaho as MSHA terminated safety citations and the U.S. Forest Service approved ore mobilization.Sub-event
- SDRC advances projects in Idaho's Warren Mining District, and Butch Otter is appointed to its Board of Directors.Sub-event
- American Tungsten Corp., led by Ali Haji, is focusing on the Ima Mine Project in Idaho.Sub-event
Mine operations in Idaho and Nevada are successfully funding future projects.1 source
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The entities involved
Related events
- Golden Metal Resources PLC holds resource development projects in Nevada.
- Resolution Minerals Ltd. is exploring gold deposits in the state of Idaho.
- Mining interests have been identified in both Nevada and Queensland.
- A gold resource project was located near Battle Mountain in Nevada.
- Century Lithium Corp. has acquired and begun developing resource properties in Nevada.