reports
- Ben Pirie
CCM: High-Grade Underground Mine Advancing to Production
What you need to know: • Canagold is advancing one of the highest-grade Canadian gold deposits with potential to further enhance the project with antimony. • CCM published a highly economic Feasibility Study on the past producing New Polaris underground project in 2025. • The Company is finalizing its EA application and continues to progress through permitting with community consultation well advanced. • The Feasibility Study depicts an after-tax NPV5% of C$793M and an IRR of 47.3% (at a now c...
Canagold Resources Tenders Proposals for New Polaris Feasibility Study
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) (the “Company” or “Canagold”), is pleased to announce the issue of its request for tender to seven qualified consulting engineering firms to complete a feasibility study for the New Polaris project in Northwestern BC. A Preliminary Economic Assessment (PEA) conducted by Moose Mountain Technical Services in February 2019 demonstrated the robust economic viability of the project. Using a gold price of US$1,500 per oz, the PEA indicated cash costs of US$400 per oz, an after-tax Net P...
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