Newcore Gold Ltd. (TSE:NCAU) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Newcore Gold Ltd. has announced promising results from the updated Preliminary Economic Assessment for its wholly-owned Enchi Gold Project in Ghana, projecting a substantial after-tax net present value of $371 million and an internal rate of return of 58% at a gold price of $1,850/oz. The assessment anticipates a low-cost operation with an average annual gold production of around 120,000 ounces over a nine-year life span, thanks to a low capital intensity, open pit, heap leach process.
For further insights into TSE:NCAU stock, check out TipRanks’ Stock Analysis page.
