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QC Copper and Gold ( (TSE:XXIX) ) has issued an update.
XXIX Metal Corp has released a Preliminary Economic Assessment (PEA) for its Opemiska Project, revealing promising economic indicators for the 17-year mine life. The project is expected to produce 715 million pounds of copper, 409 thousand ounces of gold, and 2.08 million ounces of silver, with a robust after-tax NPV of C$505 million and an IRR of 27.2%. Positioned as a low-cost producer, the project offers significant leverage to rising copper and gold prices, with a potential revenue of $4.40 billion over its lifetime. The PEA highlights the project’s strategic importance and potential for resource expansion, particularly in the Cooke gold zone.
More about QC Copper and Gold
XXIX Metal Corp is a key player in the Canadian copper sector, advancing its Opemiska and Thierry Copper projects. The Opemiska Project, located in Quebec’s Chapais-Chibougamau region, is one of Canada’s highest-grade open-pitable copper deposits, featuring significant infrastructure and proximity to the Horne Smelter. The Thierry Project includes the K1 and K2 zones, with substantial infrastructure such as an all-season road and nearby rail access.
Average Trading Volume: 449,085
Technical Sentiment Signal: Buy
Current Market Cap: C$41.15M
For detailed information about XXIX stock, go to TipRanks’ Stock Analysis page.