U.S. Gold (USAU) shares were higher Tuesday after the company said its CK Gold Project in Wyoming continues to demonstrate economic viability, citing the result of its updated prefeasibility study.
The stock was up more than 5% in recent trading.
The updated evaluation showed improvement of 15% in project payback and 42% in net present value over the prior study, the company said.
The prefeasibility study paves the way for a full feasibility evaluation, with the project's output estimated at about 1.1 million average gold equivalent ounces, or 111,250 AuEq ounces per year based on a 10-year processing life from the mine, the company said.
Mineral reserves are estimated at about 1.7 million AuEq ounces, which the company said supports an eight-year mine life and 10 years of processing.
Price: 9.39, Change: +0.48, Percent Change: +5.33
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。