Vares began production early last year, becoming Europe’s first new mine in over a decade.
The Fluor preliminary economic assessment states that the project is both commercially and technologically feasible, the company said.
Canada’s C$4.4-billion plan to cope with a poisonous legacy at a former gold mine in the Northwest Territories risks complicating local efforts to find a permanent solution.
The MRE ranks Shaakichiuwaanaan as a top-5 tantalum pegmatite in the world in terms of both grade and tonnage.
Spot gold hit a weekly high of $3,357.85 earlier in the day.
LME copper prices are set to close out the first half of the year with a gain of 12%.
Under the new Supply Chain Resiliency Initiative, the Letter of Interest states that EXIM is considering a 10-year debt facility of up to $34 million.