⛏ $3B NPV at Cascabel

PLUS: Peru Greenlights Copper Expansion

Greetings Contrarian,

Source: Trading Economics, Numerco.

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and play a game of soccer.

Here are the highlights:

🤔 $3B NPV at Cascabel

👏 Peru Greenlights Copper Expansion

🤣 How to know a True Geo

🤔 $3B NPV at Cascabel

SolGold (LSE:SOLG)(TSX: SOLG) announces the completion of a new Pre-Feasibility Study that supports a Phased Block Cave Mine at its flagship Cascabel Project in Ecuador. 

Highlights:

  • $3.2bn after-tax NPV8%

  • 24% IRR and 

  • 4-year payback period 

  • Initial Capex: $1.55bn

Please don’t go look at the price chart, it will make you cry and never want to invest in junior mining ever again — you’ve been warned.

👏 Peru Greenlights Copper Expansion

Peru's environmental authority has approved Antamina, the country's largest copper-zinc mine, for a $2 billion expansion, extending its operational lifespan to 2036.

Co-owned by Glencore (LON: GLEN), BHP (ASX, LON: BHP), Teck Resources (TSX: TECK.A, TECK.B) (NYSE: TECK), and Mitsubishi (TYO: 8058), the mine will expand its open pit and optimize waste management. Antamina's president, Víctor Gobitz, hailed the milestone as pivotal for both the mine and Peru's mining sector. The approved plan entails a 25% increase in mine area, deepening the open pit by 150 meters, and enhancing ore extraction and waste management capacities.

This approval coincides with discussions aimed at expediting permitting processes in Peru's mining industry. 

We absolutely LOVE the word “expediting”. Give us more!

📰 In Other News:

🤣 How to know a True Geo

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The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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