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Canagold Resources CEO says New Polaris feasibilty study reveals robust economics

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Manage episode 496270188 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Canagold Resources Ltd (TSX:CCM, OTCQB:CRCUF) CEO Catalin Kilofliski talked with Proactive about the company’s newly released feasibility study for its New Polaris gold project. The study outlines robust project economics, with Kilofliski confirming it would generate around $1.1 billion in free cash flow at current gold prices. Even at a conservative gold price of $2,500 per ounce, the project still delivers a 30% after-tax internal rate of return (IRR) and an NPV of $425 million. “Those are outstanding results,” said Kilofliski. Notably, these figures exclude any upside from antimony – a critical metal present in the deposit. The CEO highlighted the significance of the 5,000 tonnes of antimony in the current mine plan, estimating its value between $200 million and $300 million, and emphasised the strategic importance of non-Chinese supply sources: “Up until recently… 90% of antimony used globally is produced in China.” Kilofliski also detailed Canagold’s collaborative approach to permitting with the Taku River Tlingit First Nation, noting a decade-long relationship and an active technical working group. Key near-term milestones include filing the environmental assessment later this year, while long-term goals include adding green energy and expanding gold and antimony resources. Visit Proactive's YouTube channel for more videos. Don’t forget to like this video, subscribe to the channel and turn on notifications so you never miss an update. #CanagoldResources #NewPolaris #GoldMining #CriticalMinerals #Antimony #FeasibilityStudy #MiningInvestment #GreenEnergyMining #ResourceExpansion #ProactiveInvestors
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605 episodes

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Manage episode 496270188 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Canagold Resources Ltd (TSX:CCM, OTCQB:CRCUF) CEO Catalin Kilofliski talked with Proactive about the company’s newly released feasibility study for its New Polaris gold project. The study outlines robust project economics, with Kilofliski confirming it would generate around $1.1 billion in free cash flow at current gold prices. Even at a conservative gold price of $2,500 per ounce, the project still delivers a 30% after-tax internal rate of return (IRR) and an NPV of $425 million. “Those are outstanding results,” said Kilofliski. Notably, these figures exclude any upside from antimony – a critical metal present in the deposit. The CEO highlighted the significance of the 5,000 tonnes of antimony in the current mine plan, estimating its value between $200 million and $300 million, and emphasised the strategic importance of non-Chinese supply sources: “Up until recently… 90% of antimony used globally is produced in China.” Kilofliski also detailed Canagold’s collaborative approach to permitting with the Taku River Tlingit First Nation, noting a decade-long relationship and an active technical working group. Key near-term milestones include filing the environmental assessment later this year, while long-term goals include adding green energy and expanding gold and antimony resources. Visit Proactive's YouTube channel for more videos. Don’t forget to like this video, subscribe to the channel and turn on notifications so you never miss an update. #CanagoldResources #NewPolaris #GoldMining #CriticalMinerals #Antimony #FeasibilityStudy #MiningInvestment #GreenEnergyMining #ResourceExpansion #ProactiveInvestors
  continue reading

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