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Cora Gold ( (GB:CORA) ) has shared an announcement.
Cora Gold Limited has announced an updated Definitive Feasibility Study (DFS) and increased reserves for its Sanankoro Gold Project, highlighting a 26% increase in probable reserves to 531,000 ounces of gold. The updated DFS projects a robust economic outlook with a 65% internal rate of return and a payback period of 1.1 years, driven by an average production of 64,000 ounces of gold per year in the first five years. The project incorporates a solar hybrid power option to reduce costs and emissions, and further exploration potential exists with additional inferred resources that could extend the mine’s life by five years.
More about Cora Gold
Cora Gold Limited is a mining company focused on gold exploration and development in West Africa. The company’s primary project is the Sanankoro Gold Project in southern Mali, which is positioned to become a significant high-margin open-pit oxide gold mine.
Average Trading Volume: 221,930
Technical Sentiment Signal: Buy
Current Market Cap: £44.84M
See more insights into CORA stock on TipRanks’ Stock Analysis page.