- Advanced processing technology allows the company to re-process mine waste into scalable gold and silver production.
- Latest PEA update for Quebec’s Montauban project indicates clear path to production.
- The company has entered a binding memorandum to form a joint venture in Colombia for the development and reprocessing of gold and silver-bearing tailings.
ESGold (CSE: ESAU) (OTCQB: ESAUF) recently released its updated PEA (Preliminary Economic Assessment) for the company’s Montauban Gold-Silver Project in Quebec, verifying the projects positive economics and path to production (https://ibn.fm/o6nCU). The updated PEA confirms Montauban’s transformation into a production asset, including:
- low capex,
- high-margin tailings reprocessing, and the
- infrastructure in place to achieve first production in the near-term
Importantly, ESGold benefits from more than C$20 million in tax-loss carry forwards, which are expected to substantially offset taxable income during the first three years of production, enhancing early-stage free cash flow.
The company is introducing advanced processing technology that re-processes mine waste into scalable gold and silver production, as also revealed in its proposed fully permitted joint venture in Colombia (https://ibn.fm/JqoIH). ESGold is building on its Québec pilot with a scalable, innovative model designed to replicate and grow across the Americas.
In Colombia, the company announced that it has now entered a binding memorandum of understanding with Colombia’s Planta Magdalena S.A.S. (“Planta”) to form the JV with the aim of developing and reprocessing fully permitted, gold- and silver-bearing tailings in that country’s Department of Bolívar.
The Bolívar JV marks ESGold’s first expansion of its scalable tailings to cash flow model beyond Québec, a key test project for commencing similar operations across multiple jurisdictions. The announcement showcases ESGold’s potential for scalable production is at par with leading mining companies that are leveraging strategic planning and advanced technology to strengthen their international position.
By mining responsibly, the company is not only unlocking reserves of mineral wealth but also turning mining waste into sustainable growth, a win-win for ESGold.
For more information, visit the company’s website at https://esgold.com.
NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com
MiningNewsWire is powered by IBN
