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Perpetua Resources ( (PPTA) ) has provided an announcement.
Perpetua Resources has announced the commencement of detailed engineering and a procurement contract with Idaho Power for the Stibnite Gold Project, following successful basic engineering and financial updates. The project promises robust economics with a projected $3.7 billion after-tax net present value and an after-tax internal rate of return exceeding 27% at current spot prices. Positioned as potentially the lowest cost gold project in major jurisdictions, it also promises an increase in job creation and interest from financial institutions, supporting its strategic significance for national defense and technological sectors through the supply of antimony.
More about Perpetua Resources
Perpetua Resources is a mining company focused on the development and extraction of critical minerals and gold. The company operates primarily in the United States, with a notable focus on the Stibnite Gold Project, which is positioned as a world-class asset with low-cost operations utilizing hydro power.
YTD Price Performance: 8.69%
Average Trading Volume: 820,173
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $842.7M
See more data about PPTA stock on TipRanks’ Stock Analysis page.
