Meridian Mining DFS pegs Cabaçal project NPV at USD 2.09 billion

Meridian Mining released a definitive feasibility study for its Cabaçal gold-copper-silver project in Brazil, pegging the after-tax NPV at 5% at USD 2.09 billion in the base case. The study estimates IRR at 107.6% and a payback period of 0.9 years. In a spot-price case, after-tax NPV at 5% rises to USD 2.9 billion with an IRR of 134.7% and payback of 0.7 years. Initial capital is set at USD 322 million, with life-of-mine after-tax free cash flow estimated at USD 2.87 billion. The mine plan targets 56 million tonnes milled over 13.9 years.