Midas Gold Nears Production at Stibnite

Mike Fagan
by Mike Fagan

Midas Gold (TSX: MAX)(OTC: MDRPF) – currently trading just below US$1 per share – has released results of an independent Feasibility Study (FS) and technical report completed on its flagship Stibnite Gold Project — central Idaho.

This is a major accomplishment for the Midas Gold team as the Stibnite Project would become one of the largest and highest-grade open pit gold mines in the US and the country's only primary producer of antimony — a critical and strategic mineral.

Highlights from the FS include:

  • Expected Annual Average Gold Production of 466,000 ounces at All-in Sustaining Costs of US$427/oz during the First 4 Years of Operation

  • Recover nearly 120 Million Pounds of Antimony

  • At US$1,850/oz gold, Robust Project Economics Yield NPV (5%) of US$1.9 Billion, and

  • Average Annual Free Cash Flow of US$594 million in the First 4 Years of Operation

America’s #1 Authorities on Precious Metals

We’ve put together America’s #1 authorities on precious metals.

And we’re convinced that whether the Dow soars to 50,000 or plummets to 5,000… the current entry point on select gold stocks presents the greatest wealth-building opportunity in a generation.

With their guidance, we outline what gold stocks to buy for maximum profits in an exciting new video.

Click here for all the details.

Midas president & CEO, Laurel Sayer, commented via press release:

"The Feasibility Study represents a major milestone for Midas Gold as we continue to advance the Stibnite Gold Project. The positive results demonstrate that our vision to combine economic development with environmental restoration of a brownfield site is technically, financially and environmentally feasible. Each step of the way, our approach to responsible, restorative, modern mining in Idaho has been reconfirmed. We are now one step closer to seeing the river and water quality improved, 550 direct jobs for Idahoans and production of the critical mineral, antimony."

Additionally, the FS verifies a positive local economic benefit to Idaho communities bringing more than $1 billion in initial capital investment and, as mentioned, more than 500 direct paying jobs during operations.

Beyond the obvious positive economics, Stibnite is an important environmental project for America as part of the planned restoration work includes the development of a sustainable fishery with enhanced habitat to support natural populations.

After more than 4 years of reviews by various agencies, the Stibnite Project can now move to final phases of review under the National Environmental Policy Act.

Click here for our most recent report on Midas Gold.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.

Make sure you never miss an update or issue from Resource Stock Digest by adding editor@rsdigest.com to your address book or whitelisting it within your email service provider’s spam settings. For any customer service issues, please contact us. View our Terms & Conditions and Privacy Policy by clicking here. Resource Stock Digest, Copyright © 2020, Digest Publishing. 2051 Gattis School Rd Ste. 540 PMB 176, Round Rock TX 78664. For Customer Service, please email us at editor@rsdigest.com. All rights reserved. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. Digest Publishing and Resource Stock Digest does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. This letter is not intended to meet your specific individual investment needs and it is not tailored to your personal financial situation. Nothing contained herein constitutes, is intended, or deemed to be – either implied or otherwise – investment advice. Neither the publisher nor the editors are registered investment advisors. This letter reflects the personal views and opinions of the editor and that is all it purports to be. While the information herein is believed to be accurate and reliable it is not guaranteed or implied to be so. Neither Digest Publishing, its related companies, employees, nor anyone else, accepts any responsibility, or assumes any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information in this letter. The information contained herein is subject to change without notice, may become outdated and may not be updated. Digest Publishing, entities it controls, family, friends, employees, associates, and others may have positions in securities mentioned, or discussed, in this letter. No part of this letter/article may be reproduced, copied, emailed, faxed, or distributed (in any form) without the express written permission of Digest Publishing. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is illegal and punishable by law.