U.S. Gold Corp. Announces Updated Copper King Economics Showing NPV of $321.6 Million and IRR of 52%
U.S. Gold Corp. (USAU)
US:NASDAQ Investor Relations:
usgoldcorp.gold
Company Research
Source: PR Newswire
ELKO, Nevada, March 24, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that it has internally updated the economics of the Copper King deposit to reflect the recent rise in gold prices. Mine Development Associates' (MDA) Preliminary Economic Assessment (PEA), dated December 5, 2017 which was based upon $1275 gold and $2.80 copper prices. Gold prices have risen substantially since the Copper King PEA was published. U.S. Gold Corp. used $1600 gold and $2.80 copper for its internally updated economic calculation, which was completed in early March, 2020. Highlights of the updated internal calculations show:Investment Highlights based on PEAAt $1600 gold and $2.80 copper, based on preliminary data, Copper King is projected to generate Pre-Tax Cash Flow of $510.54 million The Net Present Value (NPV), based on preliminary data, at a 5% discount rate, is projected to be $321.60 million The Pre-Tax Internal Rate of Return (IRR) based on preliminary data,
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- 3/1/24 - HC Wainwright
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Sec Filings
- 4/29/24 - Form 8-K
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form SCHEDULE
- USAU's page on the SEC website