Meridian Mining DFS for Cabaçal: $2.09B NPV5, 108% IRR

Meridian Mining plc released a DFS for its Cabaçal project reporting after-tax NPV5 of $2.09B, 108% IRR, and a 0.9-year payback. It forecasts average annual production of 183,526 AuEq at AISC of $715/oz AuEq, and says the installation licence for the power line was granted.