Mining Stock Daily
Newcore Gold Revisits an Improved 2024 Market and Looks Ahead to New Year
Dec 17, 2024
Luke Alexander, CEO of Newcore Gold, shares insights on the company's promising performance in 2023 and ambitious plans for 2024. He reveals the impressive 93% recovery rate from the Enchi Gold Project and discusses the expanded exploration opportunities. The podcast highlights increasing institutional interest and the strategic measures in place to mitigate risks. Alexander also touches on the enhanced market dynamics and projected growth leading up to 2025, emphasizing transparency and investor engagement.
18:06
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Quick takeaways
- Newcore Gold's recent Preliminary Economic Assessment for the Enchi Gold Project reveals a strong after-tax NPV of $630 million, indicating robust economic potential.
- Increased institutional investment, now at 45%, and successful funding initiatives have positioned Newcore Gold for significant growth and strategic advancements in 2024.
Deep dives
Significant Project Advancements and Economic Viability
Nucor Gold has made remarkable progress with its Enchi Gold project, showcasing strong economic viability through a recent Preliminary Economic Assessment (PEA). The PEA projected an after-tax net present value (NPV) of $630 million at a gold price of $2,350, demonstrating the project's potential even when gold is trading above that price. This assessment highlights the project's robust economics, marked by a high internal rate of return (IRR) of 92% and a payback period of just over one year. As the market has started to recognize Nucor's value, the company has transitioned from being overlooked to being positioned for significant growth in the upcoming years.
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