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Kaminak reports robust metrics for Yukon gold project

The TSX-V-listed stock of project developer Kaminak Gold is trading higher on Thursday after the company released the results of a feasibility study on its 100%-owned Coffee gold project, in Canada’s Yukon territory, demonstrating robust economics in a $1 150/oz gold-price environment.
Prepared and led by JDS Energy and Mining, an established Yukon mine builder, in collaboration with a broad range of consultants, the study used an exchange rate of C$1 to $0.78, which gave the Coffee project a base case after-tax net present value (NPV) at a 5% discount rate of C$455-million and an internal rate of return (IRR) of 37%.