G Mining Ventures (TSE:GMIN) has released an update.
G Mining Ventures has revealed promising results from their Preliminary Economic Assessment for the Oko West Gold Project in Guyana, projecting robust financial figures including an after-tax NPV of $1.4 billion and an IRR of 21% at a gold price of $1,950 per ounce. The project is expected to significantly benefit from the company’s existing operations and the current favorable gold market. It is anticipated to produce an average of 353,000 ounces of gold annually over 12.7 years, creating over a thousand jobs and positioning G Mining Ventures for substantial stakeholder value creation.
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