“In the updated technical report we have detailed the impact of the royalty financing on the value of the project,” CEO Ron Thiessen said in a news release.
“The results were aligned with our estimates at the time of the financing; the robust financial results of the 20-year base case are minimally impacted by the financing, which provides substantial working capital that we can use to advance the Pebble project in permitting.”
The 2022 PEA also assesses the royalty’s impact on the projected results for the three potential mine expansion scenarios and potential alternative strategies for gold recovery that were also presented in the 2021 PEA and could form the basis for future permit applications and review. The royalty was found to have a minimal impact on the results of these potential scenarios.
The report also includes updates that reflect events disclosed in the company’s public disclosure record that have…
