Ilovica still pretty at lower prices

Euromax Resources presented a mixed result from its full feasibility study for the Ilovica gold-copper porphyry project in Macedonia last week, with a fall in net present value balanced by an improved internal rate of return.

Euromax looks set to blaze a trail for miners in Macedonia

11 January 2016
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The post-tax NPV (5% discount) is about 21% lower than the prefeasibility study from mid-2014 at US$440 million, largely because of reduced annual gold production and lower long-term gold and copper

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