10:26 AM EST - Canarc Resource Corp. : Announced that an update of the gold price and exchange rate within the range of sensitivities in the 2019 preliminary economic assessment ("PEA") of the high-grade New Polaris gold mine project in northwestern British Columbia significantly improves the anticipated economics of the project. The 2019 PEA used a base case gold price of $1,300.00 per oz and a $CDN: $US exchange rate of 0.77 to generate an after-tax Net Present Value ("NPV") of US$216 million and an after-tax Internal Rate of Return ("IRR") of 38%. At a $1,500.00 U.S. per oz gold price and a 0.71$CAD: USD exchange rate, the forecasted economics significantly improve to a $333-million U.S. after-tax NPV and a 56% after-tax IRR. Canarc Resource Corp.
shares T.CCM are trading up $0.015 at $0.08.
