Caledonia Mining to File Economic Assessment for Bilboes Gold Project, Aiming to Improve Returns
Portfolio Pulse from Benzinga Newsdesk
Caledonia Mining Corporation Plc (NYSE: CMCL) will file a preliminary economic assessment (PEA) for the Bilboes sulphide gold project. The PEA includes significant changes, such as a modular construction of the Tailings Storage Facility (TSF) to reduce initial capital expenditure and improve economic returns. The company plans to upgrade the study to a feasibility level within the next 9 months.
June 03, 2024 | 7:10 am
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Caledonia Mining Corporation Plc is set to file a preliminary economic assessment for the Bilboes sulphide gold project, which includes significant changes to improve economic returns. The company plans to upgrade the study to a feasibility level within the next 9 months.
The filing of the PEA and the planned improvements to the Bilboes project, including the modular construction of the TSF, are likely to be viewed positively by investors. These changes aim to reduce initial capital expenditure and improve economic returns, which could boost investor confidence and potentially lead to a short-term increase in CMCL's stock price.
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