PMEA Blog

MANILA, Philippines - Philex Mining Corp., a subsidiary of Philex Gold, Inc., has completed the pre-feasibility study of its Surigao del Norte copper-gold mine, the company said in a disclosure to the stock exchange.

The study, completed by South African consulting firm Independent Resource Estimations, said the Boyongan copper-gold project is economically viable given the estimated net present value of $150 million, at longterm metal prices of $2.75 per pound of copper and $700 per ounce of gold.

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