Falco Resources’ Horne 5 feasibility update pegs after-tax NPV5% at C$3.35 billion at US$3,600/oz gold

Falco Resources released an updated feasibility study for its 100%-owned Horne 5 Gold Project in Rouyn-Noranda, Québec, using a base-case gold price of US$3,600/oz. The study estimates an after-tax NPV5% of C$3.35 billion, an after-tax IRR of 28.2% and projected life-of-mine after-tax cash flow of C$6.4 billion. It also models average annual payable gold production of 220,300 ounces over a 15-year mine life, with copper, zinc and silver by-products.