CAPITAL MARKETS

PMI advances Obotan

A PREFEASIBILITY study at PMI Gold Corporation’s flagship Obotan gold project in Ghana has returned a pre-tax net present value of $US680.5 million ($A658.7 million), prompting the company to move straight to a feasibility study with a development decision due in the third quarter.

Kristie Batten

PMI advances Obotan

The independent study estimated capital costs of $183.5 million, including contingency but excluding $68.3 million for pre-strip mining costs. The capital costs include a 3 million tonne per annum...

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