Wallbridge Mining Presents Fenelon Gold Project Plan Targeting 107,000 Ounces Annually
Bitget2026/10/16 17:04- Wallbridge Mining plans to complete the Fenelon pre-feasibility study by late 2027 or early 2028, funded by an approximately CAD 56 million private placement.
- Cash and cash equivalents totaled approximately CAD 74 million at June 30, 2026.
- Fenelon's preliminary economic assessment estimates an after-tax net present value of CAD 706 million at a 5% discount rate.
- Initial capital is estimated at CAD 579 million, with average annual production of 107,000 gold ounces over a 16-year mine life.
- The assessment projects a 21% after-tax internal rate of return using a USD 2,200-per-ounce gold price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound hits session highs at 1.3420 amid broadbased US Dollar weakness
Cybertruck orders far exceed pre-production capacity, Tesla (TSLA.US) to refund deposits to a large number of customers
Elon Musk stated that Tesla will refund the Cybertruck deposits to a significant number of customers.
Barrick Gold (B.US) Q3 Results Mixed: Benefiting from Gold Price Dividend While Facing Cost Pressures
Barrick Mining (B.US) will release its financial results for the third quarter of 2026 before the U.S. stock market opens on November 9.
Crypto prices
More
