That study for Benchmark concerned just the Lawyers section and forecast an after-tax NPV of C$589 million at a 5% discount rate, an IRR of 24% and 2.8-year payback. Initial capex was C$484 million. The new study includes early-stage underground mining at Lawyers to enhance economics, Thesis said. A prefeasibility study and permit applications are next, it said.
“With today’s gold price near $2,500 per oz., the substantial economic potential of the Lawyers-Ranch Project is clear,” president and CEO Ewan Webster said in a release. “We will continue to explore new targets within our expansive, highly prospective land package.”
Shares in Thesis Gold gained 2.7% to C$0.75 apiece in Toronto Thursday afternoon, valuing the company at C$130.5 million. They’ve traded in a 52-week range of C$0.37 to C$0.87.
Toodoggone district
The 495-sq.-km project in the Toodoggone district is about 45 km northwest of Centerra Gold’s (TSX:…
