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The latest update is out from Trilogy Metals ( (TSE:TMQ) ).
Trilogy Metals announced positive results from its Preliminary Economic Assessment Study for the Bornite copper project in Alaska, highlighting a potential 17-year mine life with 1.9 billion pounds of copper. The study suggests a promising economic outlook with a pre-tax Net Present Value of $552 million and an Internal Rate of Return of 23.6%, potentially extending the Upper Kobuk Mineral Projects’ activity to over 30 years. This development could enhance Trilogy Metals’ operations and industry positioning, although the PEA remains preliminary and speculative.
More about Trilogy Metals
Trilogy Metals Inc. operates in the mining industry, focusing on the exploration and development of mineral projects. The company is primarily involved in copper production and is engaged in a joint venture with South32 Limited in the Ambler Mining District of Northwestern Alaska.
YTD Price Performance: -8.40%
Average Trading Volume: 1,849,259
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $176M
For a thorough assessment of TMQ stock, go to TipRanks’ Stock Analysis page.
