Canamex Gold Corp. Updated PEA: NPV5 of $CAD 88.4 million or $CAD 1.44 per share

About this update from Canamex Gold Corp

[{"type":"text","content":"Canamex Gold Corp. Updated PEA: NPV5 of $CAD 88.4 million or $CAD 1.44 per share(via TheNewswire)\n \n \n\n\n\n \nVancouver, British Columbia / The Newswire / January 8th, 2018 - Canamex Gold Corp. (the \"Company\") (TSX-V: CSQ) (OTCBB: CNMXF) (FSE: CX6) is pleased to announce the positive results of the Updated Preliminary Economic Assessment (\"PEA\") on the 100% owned Bruner Gold Development Project, located in Nye County, Nevada. The PEA was prepared by Welsh Hagen Associates (WHA) of Reno, Nevada in accordance with the requirements of Canadian National Instrument 43-101 \"Standards of Disclosure for Mineral Projects\" (\"NI 43-101\"). \n\n \n \nHighlights of the Updated PEA\n\n\n \n\n\n-After-tax net present value at 5% discount rate (NPV5) $US 69.6 million ($CAD 88.4 million) or $CAD 1.44 per share (based on 61,365,676 shares currently on issue).\n\n\n\n-The updated PEA adds 93,000 ounces of indicated resources of gold and 826,000 ounces of indicated resources of silver to the resources referenced in the 2016 PEA.\n\n\n\n-Low pay-back period of nominally 1.65 years at $US 1,280/oz. gold. \n\n\n\n-Attractive after-tax IRR of 31% at $US 1280/oz gold price and 51.5% at $US 1,500/oz gold.\n\n\n\n-Average annual production of 42,500 oz gold, and 44,250 oz silver.\n\n\n\n-10-year operation, including a 2-year tail of gold and silver recovery after mining.\n\n\n\n-Average annual cash cost of $US 577/oz. for the first two years and $US 872/oz. thereafter for an average cash cost of $US 796/oz.\n\n\n\n-Low initial capital expenditures of $US 37.81 million, including contingency of $ US 4.8 million, not including $US 6.8 million of working capital.\n\n\n\n-Contract mining with room for significant improvement on mining costs with owner operated equipment and detailed scheduling of mining costs between the three proposed pits.\n\n\n\n-Facility siting and first two years of production entirely on patented claims to allow for a streamlined permitting process for the Phase 1 production scenario.\n\n\n\n-Oxide heap leach processing with 90% recovery of gold on single stage crushed material and 75% recovery of gold on run of mine (ROM) material.\n\n\n\n-The reported NI43-101 resources remain open in multiple directions and are amenable to expansion with additional drilling.\n\n\n\n \n \nComments by Management\n\n \n \nGreg Hahn, President...

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