Treasury Metals reports strong economics for Goliath project

Ontario-focused project developer Treasury Metals has reported robust economics for its Goliath gold project, in North-Western Ontario, with an updated preliminary economic assessment (PEA) calculating a net present value of C$306-million and an internal rate of return of 25% at a base gold price of $1 225/oz. The TSX-listed company on Wednesday said the updated PEA benefits from increased mineable resources and a higher-grade profile, while using a more conservative approach for all mining costs, capital costs and dilution, compared with a 2012 PEA.