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Star Royalties ( (TSE:STRR) ) has shared an announcement.
Star Royalties Ltd. announced the reissuance of the Preliminary Economic Assessment (PEA) for the Copperstone Gold Mine, highlighting improved economic metrics due to a reduction in the Net Smelter Royalty burden and a significant rise in gold prices. The updated PEA projects robust financial outcomes for Copperstone, including an after-tax net cash flow of $298 million and an after-tax IRR of 171% at a gold price of $3,000/oz. Star Royalties’ stream is expected to generate $4.6 million in pre-tax cash flow during the first year of production and $20.5 million over the mine’s life, with potential for further value enhancement through additional exploration and resource expansion.
More about Star Royalties
Star Royalties Ltd. operates in the mining industry, focusing on providing royalty financing solutions. The company is engaged in acquiring and managing royalties and streams on precious metals, with a particular emphasis on gold projects.
YTD Price Performance: -16.07%
Average Trading Volume: 33,767
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$16.32M
Learn more about STRR stock on TipRanks’ Stock Analysis page.