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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.
Meridian Mining said its Cabaçal Definitive Feasibility Study delivered after-tax NPV5 of USD 2.09 billion, 108% IRR and 0.9-year payback, alongside average annual production of 183,526 AuEq and AISC of USD 715/oz AuEq.