The PFS showed robust project economics including a post-tax net present value of C$463 million and post-tax unlevered internal rate of return of 23.2%
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COVID-19 prevention efforts cost the owner of a Wawa-area gold mine about $3 million in 2020.
Wesdome has also brought another accommodations trailer for its workers to encourage social distancing at its Eagle River Complex, about 50 kilometres west of the community.
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No one at Wesdome sites have tested positive for the virus.
Social distancing efforts “definitely had an impact” on the company’s costs and exploration efforts, said president and chief executive officer Duncan Middlemiss during a conference call with analysts on Thursday.
“2020 was not without its challenges,” he said. “2020 was a year nobody expected.”