Over US$1 Billion Investment Set to Restore Brownfields Site, Implement State-of-the-Art Modern Mining Methods, Employ Hundreds of People and Recover nearly 120 Million Pounds of Antimony, a Critical Mineral
Expected Annual Average Gold Production of 466 thousand ounces at All-in Sustaining Costs of US$427/oz during the First 4 Years of Operation
At US$1,850/oz gold, Robust Project Economics Yield NPV (5%) of US$1.9 Billion and Average Annual Free Cash Flow of US$594 million in the First 4 Years of Operation
VANCOUVER, BC, Dec. 22, 2020 /CNW/ - Midas Gold Corp. (TSX: MAX) (OTCQX: MDRPF) ("Midas Gold" or the "Company") announced today the results of an independent Feasibility Study (the "FS" or "Feasibility Study") and technical report (the "Report") completed on its Stibnite Gold Project ("Project") in Idaho. The Project, as envisioned in the FS, would become one of the largest and highest-grade open pit gold mines in the United States and the country's only primary producer of antimony, a critical and strategic mineral(1). The FS builds upon Midas Gold's Plan of Restoration and Operations ("PRO"), identifying a suite of operational improvements and environmental refinements to achieve the Company's key objective for the financially viable restoration and brownfields development of the Stibnite mining district. (Continued - click on link above) Merry Christmas! Happy Holidays, and so on
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.