Mining Weekly reported that Guyana Goldfields filed a positive technical report with for its Aurora gold project in Guyana.
As quoted in the market report:
The report had found the project to hold an estimated after-tax-and-royalties net present value of $800-million at a 5% discount when using a gold price of $1 300/oz. The after tax and royalties internal rate of return is 38% when using the same parameters and the mine has an expected price tag of $205-million.
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