GOLD
ASX-listed Black Cat Syndicate has released the May 2024 restart study for the Paulsens gold mine, which details substantially higher returns than the November study on the back of a stronger gold price.
The latest study is based on a gold price of A$3 500/oz, compared with A$2 900/oz in November 2023, which bolstered operating cash flow by 81% to A$201-million.
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