Moneta Porcupine Mines

Moneta Porcupine Mines

  • Location: Canada
  • Tickers:
  • Commodities:
    • Gold
  • Project Stages:
    • Exploration
The Company holds a 100% interest in 6 core gold projects strategically located along the Destor-Porcupine Fault Zone in the Timmins Gold Camp with over 85 million ounces of past gold production. The main Golden Highway Project covers 12 km of prospective ground along the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate comprised of an indicated resource of 676,900 ounces gold contained within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold contained within 10.78 Mt @ 4.00 g/t Au in the inferred category at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits. A PEA study completed on the South West Deposit, one of 6 deposits located on the Golden Highway project, highlighted an 11-year mine life with an after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback, generating C$371MM LOM after-tax free cash flow. The project envisaged underground mining producing 76,000 oz/pa at a cash cost of US$590/oz.
Moneta Porcupine Mines
  • tsx: me

    • 0.22 (137.5%)
Open 0.38000 Volume 21100
High 0.38000 52w High 0.48000
Low 0.38000 52w Low 0.11500
Close 0.38000

* 23 July 2021 (CAD)