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Candente PEA reduces Cañariaco capex

Candente Copper announced a preliminary economic assessment for its Cañariaco copper project in Northern Peru which outlined an initial 40,000 tonnes per day operation with subsequent expansion to 80,000tpd to produce an annual average of 78,543 tonnes copper, 31,395 ounces gold and 703,588oz silver for 28 years.

Paul Harris
Candente Copper's Cañariaco in Peru

Candente Copper's Cañariaco in Peru

The project would yield an after-tax net present value of US$1 billion at an 8% discount rate, and an internal rate of return (IRR) of 16.3% following a $1.04 billion initial capital investment using a...

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