Wallbridge Mng Co ( (TSE:WM) ) has issued an update.
Wallbridge Mining has completed an updated Preliminary Economic Assessment (PEA) for its Fenelon Gold Project, revealing promising economic prospects. The PEA outlines an average annual gold production of 107,000 ounces over a 16-year mine life, with an after-tax net present value of $706 million and an internal rate of return of 21%. The assessment suggests a robust path to development with lower startup capital and higher grade scenarios, positioning the project favorably in the current high gold price environment. The company plans to rapidly advance the project, considering expansion options post-payback, aiming to enhance shareholder value.
More about Wallbridge Mng Co
Wallbridge Mining Company Limited operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in advancing its projects located in the Abitibi Greenstone Belt, with a particular emphasis on the Fenelon Gold Project in Quebec, Canada.
YTD Price Performance: -3.33%
Average Trading Volume: 472,468
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$63.79M
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