GMV Minerals Reports Positive PEA for Mexican Hat Project

GMV Minerals Inc. has revealed favorable outcomes from its updated Preliminary Economic Assessment (PEA) for the Mexican Hat Gold Project in Arizona. The project, based in Cochise County, displays promising potential with a robust pre-tax IRR of 66.1% and an after-tax IRR of 50.2%, supported by a US$390.2 million pre-tax NPV using a US$2,500 gold price per ounce.

The project anticipates an average annual production of 60,000 ounces over a decade, with operating expenses kept low due to efficient leach kinetics and minimal reagent needs. Total capital expenditure is projected at US$89.997 million, and operating costs at US$788 million for the life of the mine.

Financial sensitivity analysis suggests a pre-tax IRR of 106.8% if gold prices rise to US$3,350 per ounce. Infrastructure is already securely in place, removing obstacles for further exploration and development.