TORONTO, Oct. 13, 2022 (GLOBE NEWSWIRE) — Moneta Gold Inc. ME MEAUF MOP (“money” or the “Company”) is pleased to announce the Company’s attendance at the OTC Metals & Mining Virtual Conference for 1×1 meetings and general presentation, which will be streamed live on Tuesday, October 18, 2022 at 2:00 p.m. ET.
Moneta invites individual and institutional investors, advisors and analysts to participate in real-time, interactive presentations on VirtualInvestorConferences.com.
DATE: October 18th2022
TIME: 2:00 p.m. EST
SHORTCUT: https://bit.ly/3q1Z3Ka
This is a live, online, interactive event that invites investors to submit real-time questions to the company. If attendees are unable to attend the event live on the day of the conference, an archived webcast will also be made available after the event.
Find out more about the event below www.virtualinvestorconferences.com.
Moneta is also available for 1×1 meetings: October 19thth & 20th2022.
Current company highlights
On September 7, 2022, Moneta released the results of the Preliminary Economic Assessment (“PEA”) for its 100% owned Tower Gold Project in Timmins, Ontario, Canada’s most prolific gold production camp. The PEA demonstrates the potential to develop a low cost combined open pit and underground mine with a capacity of 19,200 tonnes per day (“tpd”) or 7.0 million tonnes per year (“tpa”) with strong economics and the possibility of significant profit the indigenous nations, local stakeholders and shareholders. Included highlights:
- Robust economics with an after-tax net present value (“NPV5%“) of $1,066 million, an internal rate of return (“IRR”) of 31.7% and a payback of 2.6 years at $1,600/oz gold and $0.78/C$ for FX
- Low capital intensity project to be achieved through a sequential development strategy with underground development beginning in year one
- Mine life of 24 years with an average annual gold production of 192,666 ounces (“oz”) for a total LOM of 4,581,000 oz and an average annual gold production of 261,014 oz in years 1 to…
