As gold prices hold around $2,350, Treasury Metals (TML.v TSRMF) is set to buy Giustra-backed Blackwolf Copper and Gold (BWCG.v BWCGF) in a merger deal, aiming to create a powerhouse in the precious metals industry:
Providing the potential for near term gold production from the Goliath Gold Complex, which has a projected NPV of $493M at 5% discount rate and IRR of 33.5% based on a gold price of US$1,950 per ounce, this deal is positioned to create a stronger and more diversified company, enhancing capabilities and advancing key mining projects.