Aureus reminds market of $260m valuation
Gold miner, Aureus Mining, has reminded the market of the $260m valuation of its New Liberty project in Liberia, as it files the findings of a recent study at the site.
Gold miner, Aureus Mining, has reminded the market of the $260m valuation of its New Liberty project in Liberia, as it files the findings of a recent study at the site.
Aureus released the results of the study back in February but, because of its dual listing in Toronto, has now placed the official papers with the Canadian records office, or SEDAR.
The estimates suggest the mine has a life of around 8 years and reserves of 873,000 ounces of gold, with costs of extraction estimated at $632 per ounce.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The shares have risen 1.3% this morning but are still 33% down since Aureus listed in April 2011.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
