TSX-listed Moneta Porcupine has announced the results from a preliminary economic assessment (PEA) on the South West deposit, at its Golden Highway project in Timmins, Ontario.
The PEA is based on a standalone, owner-operated mine and mill with an 11-year mine life, producing 75 700 oz/y at a cach cost of $590/oz.
Initial capital costs have been estimated at C$144-million and sustaining capital costs at C$136-million.