Granada Gold Mine Inc (TSE:GGM) has released an update.
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Granada Gold Mine Inc. has developed a high-grade processing flow sheet to advance its Granada property in Quebec, aiming to become a low-cost gold producer at a capacity of 550 tonnes per day. With historic underground mining yielding 9-10 grams per tonne of gold, the current increase in gold prices has significantly improved the mine’s projected revenue and internal rate of return, reinforcing the company’s confidence in the project’s economic viability.
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