12:07 PM EST - Filo Mining Corp. : Announced the results of a positive Pre-Feasibility Study at its 100% owned Filo del Sol project located on the border of Region III, Chile and San Juan Province, Argentina. Highlights: A $1.28-billion after-tax NPV using an 8% discount rate and an IRR of 23% at $3.00/lb copper, $1300/oz gold and $20/oz silver; Average annual production of approximately 67,000 tonnes of copper (including copper as copper precipitate), 159,000 ounces of gold, and 8,653,000 ounces of silver at a C1 cost of $1.23/lb CuEq.; An Initial Probable Mineral Reserve of 259 Mt of 0.39% copper, 0.33 g/t gold, and 15 g/t silver. Filo Mining Corp.
shares V.FIL are trading unchanged at $2.20.
