Peru approves Buenaventura silver mine with $144 million investment

The project in central Mexico’s Zacatecas state has an after-tax net present value of C$1.09 billion at an 8% discount rate with an after-tax internal rate of return of 14%.

Franco-Nevada now holds a 2.5% NSR on all of the Eskay Creek properties.

The FS reinforce a majority of metrics and economic figures presented in the project's 2022 pre-feasibility study.

The proposal, which affects around 14% of share capital, was approved at the company's general meeting on Dec. 8.

The owner of McEwen Mining made his first investment in Goliath as recently as October 2.

Kaizen's main asset is the Pinaya copper-gold project in southeastern Peru.

The five people had been charged in connection with the theft of about 5,000 kilograms of materials containing precious metals.

Proceeds will be used to support the exploration and development of its Saskatchewan-based mineral projects.

Metallurgical tests at Corani will be completed in Q1 2024, after which the miner will resume financing discussions.