Dundee Precious Mtl (TSE:DPM) has released an update.
Dundee Precious Metals Inc. has revealed promising results from the preliminary economic assessment for its Čoka Rakita project in Serbia, projecting an internal rate of return of 33% and a net present value of $588 million. The assessment suggests the project could produce an average of 164,000 ounces of gold annually in its first five years, with remarkably low all-in sustaining costs, suggesting strong potential profit margins. Following these positive indications, the company is moving forward with a pre-feasibility study and project permitting.
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