Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Meridian Mining SE ( (TSE:MNO) ) has shared an update.
Meridian Mining SE has announced the results of its Pre-Feasibility Study for the Cabaçal project, revealing a post-tax net present value of USD 984 million and an internal rate of return of 61.2%. The study highlights the project’s potential as a high-margin gold-copper-silver mine, with an average annual production of 141,000 gold-equivalent ounces over ten years. The project is expected to have low all-in sustaining costs and a strong value proposition, with initial capital repaid in 17 months. This positions Cabaçal as a significant asset in Brazil’s mining sector, promising substantial returns for stakeholders.
More about Meridian Mining SE
Meridian Mining SE is a mining company focused on the exploration and development of mineral resources, primarily gold, copper, and silver. The company is working on advancing the Cabaçal gold-copper-silver deposit in Brazil, aiming to establish it as a mid-tier production asset with significant economic potential.
YTD Price Performance: 21.25%
Average Trading Volume: 268,988
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$147.8M
See more data about MNO stock on TipRanks’ Stock Analysis page.