Canadian Zinc up-sizes Prairie Creek mine, feasibility confirms strong economics

Development company Canadian Zinc has published the results of a feasibility study on its Prairie Creek project, in Canada’s Northwest Territories, demonstrating a significant increase in the mining rate and mill throughput that will enable production of more zinc, lead and silver, at lower operating cost compared with the 2016 prefeasibility study (PFS). The positive metrics helped push the company’s TSX-listed stock up by almost 17% on Thursday, to an intraday high of C$0.21 apiece. The study was based on metal price assumptions of $1.10/lb zinc, $1/lb lead and $19/oz silver.