Papillon leaps most in 2 years on pre-feasibility study
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Papillon Resources has soared the most in over two years after releasing a pre-feasability study that confirms the robust economics of its Fekola Project.
The West-African gold miner jumped by 17.1% to 68.5 cents at 1401 AEST following its announcement to the Australian Stock Exchange that the project would produce 306,000 ounces of gold on average over the life of the mine.
However, Papillon is still 60% lower in the year to date amid the gold spot price's 25.2% decline to $US1252.2 an ounce.
The initial mine life is expected to be nine years with "significant potential" for extensions.
"Using our current mining schedules, Fekola will still produce average pre-tax (post royalty) operating cash flows in excess of $US 130 million per annum using a flat US$1,100 per ounce gold price," Papillon said.