Aureus Mining's New Liberty Optimised DFS Confirms Strong Financial Returns; Near Yr Lows


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Aureus Mining Inc. (AUE.TO), near a year low 54 cents, announced its NI 43-101 compliant optimised Definitive Feasibility Study for its 100% owned New Liberty Gold Project in Liberia following the completion of the optimisation work which focused on the plant and mine designs and the location of site infrastructure. "The DFS outlines an economically robust gold project based on a flat gold price of US$ 1,400 / oz - moreover, the Project has been extensively de-risked from design, operational and environmental perspectives. Capital and operating costs are estimated to a higher level of accuracy. The DFS has increased the average production profile for the first six years. New Liberty will be Liberia's first commercial gold mine and Aureus' first mine in its highly prospective 546 km squared total licence area."

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This article appears in: Investing , Commodities

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