TSX:LN
Loncor Resources Inc. Stock News
$0.350
-0.0100 (-2.78%)
At Close: Jun 27, 2024
LONCOR GOLD ANNOUNCES ADUMBI PEA WITH 303,000 OZ/YEAR OVER A 10.3 YEAR LOM
01:23pm, Wednesday, 15'th Dec 2021 InvestorsHub
LONCOR GOLD ANNOUNCES ADUMBI PEA WITH 303,000 OZ/YEAR
OVER A 10.3 YEAR LOM
Pre-tax NPV (5% discount) of US$895 million and post-tax NPV of US$624 million for HEP Hybrid case at a US$1,600 gold price
Using a US$1,760 gold price, post-tax NPV (5% discount) of US$879 million for HEP Hybrid case
Average annual production of 303,000 ounces of gold over a 10.3 year life of mine within proposed pit shell
Average total cash costs of US$852 per ounce over life of mine...