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Viva Gold ( (TSE:VAU) ) has provided an update.
Viva Gold Corp has filed a Preliminary Economic Assessment (PEA) for its Tonopah Gold Project in Nevada, indicating the project’s potential viability as an economic open pit gold mine. The PEA outlines a conventional mining operation with a projected production of 404,000 ounces of gold and 354,000 ounces of silver over a seven-year mine life. The report highlights a favorable economic outlook with an after-tax net present value of up to $363.6 million and an internal rate of return of 43.4% at higher gold prices. The company plans to further optimize the project through a feasibility study, aiming to improve capital and operating costs.
More about Viva Gold
Viva Gold Corp is a mining company led by CEO James Hesketh, a seasoned professional with 40 years of experience in the mining industry. The company is involved in the development and construction of mines, with a focus on gold projects. Viva Gold is listed on the TSX Venture Exchange.
Average Trading Volume: 311,906
Technical Sentiment Signal: Sell
Current Market Cap: C$16.01M
For an in-depth examination of VAU stock, go to TipRanks’ Overview page.