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TNR Gold executive chairman hails new McEwen Los Azules Copper PEA
(NewsDirect) TNR Gold Executive Chairman Kirill Klip joins Thomas Warner from Proactive L...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold executive chairman hails new McEwen Los Azules Copper PEA\n \n \n (NewsDirect)\n \n \n \n \n TNR Gold Executive Chairman Kirill Klip\njoins Thomas Warner from Proactive London to discuss the impact of a\nnew preliminary economic assessment (PEA) for the Los Azules Copper\nProject. The project is being developed in Argentina by McEwen Copper,\nwhich is majority-owned by McEwen Mining Inc (TSX:MUX, NYSE:MUX), and\nhas garnered major investment from industry heavyweights like Rio\nTinto and Stellantis.\n \n \n Klip\nhighlights the increase in the mineral resource estimate at the\nproject, with total copper increasing by a substantial 27.6%, with\nsignificant boosts in both indicated and inferred resources. This\nunderscores the magnitude of the project, with estimated copper\nproduction of 182,000 tonnes over the first five years of operations\nand 145,000 tonnes over the following 27 years. He suggests that the\ncompetitive production cost of $1.07/lb and a short payback period of\n3.2 years make it an attractive prospect even in challenging economic\nconditions.\n \n \n For shareholders of TNR Gold Corp, this new PEA\nbrings the potential valuation of the company's royalty holding to\nover $30 million. In response to the belief that the market share\nprices don't reflect the true value of their assets, TNR Gold Corp\nhas launched a share buyback scheme to optimise shareholder\nreturns.\n \n \n \n Contact Details\n \n \n \n Proactive Investors\nUSA\n \n \n +1 347-449-0879\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1968,"tagName":"div"}]