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Western Exploration Inc ( (TSE:WEX) ) just unveiled an update.
Western Exploration Inc. has announced a positive Preliminary Economic Assessment (PEA) for its Doby George resource at the Aura project in Nevada. The assessment highlights a base case after-tax net present value (NPV) of $70.7 million and an internal rate of return (IRR) of 25.4% at a gold price of $2,150 per ounce, with significant increases at higher gold prices. The project is expected to generate substantial cash flow and has a rapid payback period, positioning it as a potentially profitable development. The PEA, completed by Kappes, Cassiday & Associates and RESPEC Company LLC, outlines opportunities for further resource expansion and operational improvements, which could enhance returns for stakeholders.
More about Western Exploration Inc
Western Exploration Inc. operates in the mining industry, focusing on the exploration and development of gold resources. The company’s primary project is the Aura gold project located in Elko County, Nevada, which includes the Doby George resource.
Average Trading Volume: 29,191
Technical Sentiment Signal: Sell
Current Market Cap: C$35.44M
For an in-depth examination of WEX stock, go to TipRanks’ Stock Analysis page.