Business
TNR Gold: McEwen Mining Files Preliminary Economic Assessment for Los Azules Copper Project, Estimates Life of Mine Undiscounted NSR of $35 Billion
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2017) - TNR Gold Corp. (TSXV: TN...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold: McEwen Mining Files Preliminary Economic Assessment for Los Azules Copper Project, Estimates Life of Mine Undiscounted NSR of $35 BillionVancouver, British Columbia--(Newsfile Corp. - November 2, 2017) - TNR Gold Corp. (TSXV: TNR) (\"TNR\" or the \"Company\") advises that McEwen Mining Inc. (\"McEwen Mining\") filed a preliminary economic assessment (\"PEA\") on its 100%-owned Los Azules Copper Project location San Juan Province, Argentina and has issued a news release dated October 17, 2017 in relation to the PEA. McEwen Mining announced that the technical report supporting the disclosure in its news release dated September 7, 2017 is now filed on SEDAR. McEwen Mining states, \"The PEA, dated September 1, 2017, is entitled 'NI 43-101 Technical Report — Preliminary Economic Assessment Update for the Los Azules Project, Argentina,' and was prepared by independent 'Qualified Persons' (as that term is defined in NI 43-101) at Hatch Ltd.\" The technical report, which includes the results of the preliminary economic analysis (\"PEA\"), is available on the McEwen Mining website and under the profile of McEwen Mining on SEDAR at www.sedar.com.The Company holds a 0.36% royalty on the net smelter return (\"NSR\") of the entire Los Azules project. TNR summarized the PEA results in a news release issued on October 10, 2017.Figure 1-11: Undiscounted Cash Flow Waterfall DiagramCannot view this image of Figure 1 ? Please visit [http://orders.newsfilecorp.com/files/2014/30188_a1509622605269_43.jpg] to view this imageThe Los Azules PEA study used commodity price assumptions of $3.00/lb copper, $1,300/oz gold, and $17/oz silver, resulting in an undiscounted net smelter return, over the life of the mining project, of $35.2 billion and $10.6 billion, using an 8% discount rate. Figure 1-11 from the PEA shows the undiscounted cash flow as a waterfall diagram. Figure 1-12, also from the PEA shows a waterfall diagram for the discounted cash flow. Figure 1-12: Discounted Cash Flow Waterfall Diagram Cannot view this image of Figure 1-12? Please visit [http://orders.newsfilecorp.com/files/2014/30188_a1509622605347_61.jpg] to view this imageThe PEA reported and documented by McEwen Mining is preliminary in nature, it includes inferred mineral resources that are considered too geologically speculative to have ...