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Ausgold Limited ( (AU:AUC) ) has provided an announcement.
Ausgold Limited has announced an updated Definitive Feasibility Study for its Katanning Gold Project, reflecting improvements in gold production and cost efficiencies following a significant land acquisition. The study forecasts an increase in life-of-mine gold production by 82,000 ounces to 1.22 million ounces, with enhanced annual production and financial returns. The project now has a post-tax cash flow NPV5 of A$1.028 billion and an IRR of 52.4% at a gold price of A$4,300/oz, with even higher returns at current spot prices. The update also includes a larger ore reserve and optimized mine plan, positioning Ausgold for rapid project financing and implementation.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.60 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.
More about Ausgold Limited
Ausgold Limited is a company operating in the gold mining industry, focusing on the exploration and development of gold projects. Its primary project is the Katanning Gold Project in Western Australia, which aims to enhance gold production and financial returns.
YTD Price Performance: 138.10%
Average Trading Volume: 988,708
Technical Sentiment Signal: Buy
Current Market Cap: A$496M
See more insights into AUC stock on TipRanks’ Stock Analysis page.