IN BRIEF: Altus Strategies Notes Rise In Diba's Net Present Value

Wed, 18th Nov 2020 21:23

Altus Strategies PLC - Didcot, Oxfordshire-based mineral project royalty generator - Updates Preliminary Economic Assessment for Diba gold project in Mali, to incorporate the significant increase in modelled oxide gold recoveries from 80% to 95%, in line with results of the metallurgical testwork.

There has been a 32% increase in posttax net present value to USD107 million at a gold price of USD1,500 per ounce.

Current stock price: 62.95 pence

Year-to-date change: up sharply from 31.25p

By Dayo Laniyan; dayolaniyan@alliancenews.com

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