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Euro Sun Mining Inc (ESM.TO)
0.0500 unch 05/03/23 [TSX]
QUOTE OVERVIEW for Wed, May 3rd, 2023
Day Low 0.0450
Day High 0.0500
Previous Close0.0500
Volume 422,381
Avg Vol 807,110
Stochastic %K51.11%
Weighted Alpha-76.21
5-Day Change+0.0100 (+25.00% )
20-Day Moving Average BUY
Development Timeline;
Euro Sun recently received approval for the initiation of the strategic environmental assessment (SEA) related to the project, which allows it
to apply for a construction permit.
The definitive feasibility study for the project, calls for two open pit mines with average annual gold equivalent production of 146,000 ounces
in the first ten years of operations.
The study contemplates 106,000 ounces of gold and 19 million pounds of copper per year during almost 17 years. The company plans to use a phased development approach at Rovina Valley, with the development of the two open pit gold-copper deposits, Colnic and Rovina, included in the DFS and the exploitation of the Ciresata underground deposit (not included in the study) phased in following completion of open-pit mining.
0.10x Euro Sun Mining
0.4x Developer average*
*Average estimates provided by CIBC Capital Markets (August 2021)
Full information on the website; https://eurosunmining.com/