Meridian Mining's Cabaçal gold-copper-silver project valued at $2bn

Mining General Mining & Base Metals Written by: Jamie Ashcroft 02:31 Tue 22 Sep 2026 --> Proactive has a commercial relationship with Meridian Mining Plc. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Meridian Mining Plc ( LSE:MNO TSX:MNO OTCQX:MRRDF ) View Price & Profile Meridian Mining's Cabaçal gold-copper-silver project valued at $2bn Published: 02:31 22 Sep 2026 EDT Meridian Mining Plc (LSE:MNO, TSX:MNO, OTCQX:MRRDF) told investors that its Cabaçal gold-copper-silver project in Brazil has delivered an after-tax net present value of US$2.09 billion, a 108% internal rate of return and a payback period of less than one year. That's the headline findings for the project's definitive feasibility study. The base case, using gold at US$3,570 an ounce, copper at US$5.03 a pound and silver at US$50.17 an ounce, points to US$5.36 billion of life-of-mine revenue and US$2.87 billion of after-tax free cash flow. At the spot-price assumptions used in the study, NPV5 increases to US$2.90 billion and the IRR to 135%. Initial capital expenditure is estimated at US$322 million, with another US$56 million earmarked for expansion. During the first five production years, Cabaçal is forecast to produce an average 183,526 gold-equivalent ounces annually at all-in sustaining costs of US$715 an ounce, generating average annual after-tax free cash flow of US$413.8 million. Chief executive Gilbert Clark said the economics “elevates Cabaçal to potentially be the next ‘near-term’ VMS gold-copper mine developed globally”. Clark added: “What a tremendous result has been achieved. . . Meridian is already well on the path to building Cabaçal. Preconstruction investments are underway on multiple fronts." Meridian has opened a data room for potential lenders and engaged with up to 30 lending groups, while its main Installation Licence application remains under review and procurement of long-lead equipment is already underway. Continue reading