this be the one-shes all ready Maritime Resources (TSXV: MAE) says it has all major permits to restart the former Hammerdown gold mine in Newfoundland and Labrador.
The Hammerdown project contains proven and probable reserves containing 272,000 oz. gold at an average grade of 4.46 grams gold per tonne, based on the 2022 technical report. The report showed after-tax economics of C$103 million net present value (NPV) discounted at 5%, an internal rate of return of 48% and all-in sustaining costs of $912 per oz. at a gold price of $1,750 per oz.
At a spot gold price of $2,300 an oz., the after-tax economics are a C$215 million NPV (at a 5% discount) with an internal rate of return of 91%.