Meridian Mining shares jump 10% as Cabaçal study points to $2bn value

Meridian Mining Plc, listed on exchanges in London and Toronto, released results from a definitive feasibility study on its Cabaçal project located in Brazil’s Mato Grosso state. The comprehensive assessment valued the gold-copper-silver deposit at more than $2 billion, prompting a 10% increase in the company’s share price to 109p in early trading.
The study calculated the project’s after-tax net present value at $2.09 billion using a 5% discount rate, alongside an inte