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The latest update is out from QC Copper and Gold ( (TSE:XXIX) ).
XXIX Metal Corp has announced the completion of a Preliminary Economic Analysis (PEA) for its Opemiska copper project, highlighting its potential as a profitable operation. The PEA indicates robust after-tax base case economics, with a net present value of C$505 million and an internal rate of return of 27.2%. The project is positioned as a low-cost producer, with a C1 cash cost of US$1.03 per pound over the first six years. The analysis suggests significant leverage to rising copper and gold prices, with a projected life of mine revenue of $4.40 billion. The project is expected to bring substantial benefits to stakeholders, including local communities.
More about QC Copper and Gold
XXIX Metal Corp is a mining company focused on the exploration and development of mineral resources. Its primary products include copper, gold, and silver, with a significant focus on the Opemiska copper project located in Chapais, Québec.
Average Trading Volume: 670,495
Technical Sentiment Signal: Buy
Current Market Cap: C$36.57M
Learn more about XXIX stock on TipRanks’ Stock Analysis page.