PFS confirms US$2B NPV for Argentina copper-gold project

Kyzyl ramp-up signals new growth path at buoyant Polymetal

polymetal international

Based on a US$3 per pound copper price and $1,300/oz gold, the study calculated an after-tax net present value, at an 8% discount rate, of US$2 billion (C$2.6 billion) and an internal rate of return of 18.6%.

"Long-term copper fundamentals are strong, and the global project pipeline is at multi-decade lows. We believe that this scarcity will lead to premium valuations for companies with construction-ready projects," CEO Wojtek Wodzi...