Omai Gold Mines (TSE:OMG) has released an update.
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Omai Gold Mines Corp. has announced a favorable Preliminary Economic Assessment for its Wenot Open Pit Project, projecting an after-tax net present value of $556 million with gold priced at $1,950 per ounce. The assessment forecasts a 13-year mine life with average annual gold production of 142,000 ounces, and anticipates a payback period of 4.3 years at the base gold price. Highlighting the company’s growth potential, the report signals Omai Gold’s forward momentum towards becoming a significant gold producer once again.
For further insights into TSE:OMG stock, check out TipRanks’ Stock Analysis page.
