February 8, 2018: Monarques Gold Announces A Positive Updated Prefeasibility Study For The Croinor Gold Property
The study shows improved project economics and an increase in reserves
Highlights
- 10% increase in proven and probable reserves
- 16% decrease in average operating cost, to US $639 per ounce of gold
- 13% decrease in total costs, to US $902 per ounce of gold
- Average annual gold production of 31,472 ounces over four years
- After-tax IRR of 30%
- Project still has excellent exploration potential
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[Blockierte Grafik: https://uploads-ssl.webflow.com/5787b0e49bdd7b7161e7fdb5/5a7b77ee87d05300019b40a6_Monarques-1.png]
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saludos