Shares in Toronto-listed Canarc Resources jumped 15% on Wednesday as the company announced an update of its 2019 preliminary economic assessment (PEA) of the high-grade New Polaris gold mine project in British Columbia, reflecting a higher gold price.<\/p>\n
The 2019 PEA is based on a base case gold price of $1 300\/oz and an Canadian to US dollar exchange rate of 0.77. This generated an after-tax net present value (NPV) of $216-million and an internal rate of return of 38%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares in Toronto-listed Canarc Resources jumped 15% on Wednesday as the company announced an update of its 2019 preliminary economic assessment (PEA) of the high-grade New Polaris gold mine project in British Columbia, reflecting a higher gold price.
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