from The Gold Report
The mining industry has been very busy over the last few months with the gold price showing signs of stabilizing, financings getting completed, preliminary economic assessments being released, prefeasibility studies being updated and M&A activity increasing. The market has a buzz once again and Thibaut Lepouttre of Caesars Report profiles several companies that are reaping the rewards of being very active right now.
The Gold Report: Falco Resources Ltd. (FPC:TSX.V) has released its maiden preliminary economic assessment (PEA) on the Horne 5 mine. The market rewarded the company with a share price that almost doubled in the next few days and weeks. What’s the reason behind this?
Thibaut Lepouttre: This PEA had been anticipated for quite a while, and Falco’s shareholders were really looking forward to seeing the economics of the project after an updated resource estimate showed a total of 6.6 million ounces gold equivalent (Au eq), with the majority in the Indicated resource category.