Westhaven Ventures ( (TSE:WHN) ) has shared an update.
Westhaven Gold Corp. has announced an updated Preliminary Economic Assessment (PEA) for its Shovelnose Gold Project in British Columbia, revealing a significant increase in the project’s economic potential. The assessment highlights an after-tax net present value (NPV) of $454 million and an internal rate of return (IRR) of 43.2%, with a payback period of 2.1 years. The project is expected to produce an average of 56,000 ounces of gold annually over an 11.1-year mine life, with initial capital costs estimated at $184 million. This development positions Westhaven as a competitive player in the gold mining sector, potentially enhancing its market standing and offering promising returns for stakeholders.
More about Westhaven Ventures
Westhaven Gold Corp. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in the exploration of its Shovelnose Gold Property located within the Spences Bridge Gold Belt in British Columbia.
YTD Price Performance: 22.73%
Average Trading Volume: 167,418
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$24.73M
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