Sharechat Logo

Talisman gold project value more than doubles in updated study

Wednesday 27th June 2018

Text too small?

The value of the Talisman gold mine project has more than doubled, according to the results of an updated pre-feasibility study, Auckland-based New Talisman Gold Mines said.

“The updated study demonstrates the robustness of the project economics," New Talisman Gold Mines chief executive Matthew Hill said in a statement on Tuesday, adding that it shows a 118 percent internal rate of return, "demonstrating the significant value to investors of this world class mine.”

The updated pre-feasibility study showed net present value jumped to $35.9 million at a 9 percent discount rate, from the $15.4 million reported in the previous 2013 study. 

Key drivers for this increase in value include increased ounces available for extraction and an extended mine life, the company said. 

The stock slipped 5.3 percent to 1.8 cents, giving up some of yesterday's 12 percent gain.


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar falls with Aussie after Westpac's RBA rate cut call
Intuit juggernaut grows QuickBooks subscribers but momentum slows
Reaction to Budget rules relaxation shows balance 'about right', says Ardern
Augusta lifts net profit six fold as investors flock into new funds
Annual exports to China top $15 billion for first time
Gentrack posts $8.7M loss on CA Plus write-down
Westpac says RBNZ capital proposals would add $6,000 p.a. to an Auckland mortgage
Cavalier says market conditions still challenging
Ryman hikes dividend as annual earnings grow on wider development margin
24th May 2019 Morning Report

IRG See IRG research reports