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Mexican Hat study flattens share price

Shares in GMV Minerals (TSXV: GMV) have tumbled on the release of what it had described as a positive preliminary economic assessment for its Mexican Hat gold project in Arizona.

Mexican Hat study flattens share price Mexican Hat study flattens share price Mexican Hat study flattens share price Mexican Hat study flattens share price Mexican Hat study flattens share price

GMV slumps on PEA for Arizona gold project

In an amended news release, GMV said the study had used a gold price of US$1,325 an ounce and outlined a 5-year mine life producing an average annual 94,000oz at an all-in sustaining cost of $747/oz.

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