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DPM Metals has completed a feasibility study for its Čoka Rakita gold project in Serbia, showing robust economics with a net present value of $782 million and 36% internal rate of return at $1,900 per ounce gold. The milestone positions the company to advance the project toward production, with first concentrate output targeted for 2029.
Ford Motor Co. is canceling plans for a new electric commercial van, opting instead to produce gas and hybrid alternatives at its Ohio Assembly Plant. The decision marks a significant retreat from the automaker's electrification ambitions as it prioritizes affordability and responds to lukewarm market demand for battery-powered work vehicles.
Ford Motor Co. is shifting production at its Tennessee Truck Plant away from next-generation electric vehicles to affordable gas-powered trucks, marking a significant reversal in the automaker's electrification strategy. The decision reflects mounting pressure from profitability concerns and consumer demand patterns that continue to favor traditional internal combustion vehicles.
DPM Metals has completed a feasibility study for its Čoka Rakita gold project in Serbia, showing an after-tax net present value of $782 million and a 36% internal rate of return at current gold prices. The study positions the project among the lowest-cost gold operations globally with first-quartile all-in sustaining costs of $644 per ounce.
DPM Metals has released a positive feasibility study for its Čoka Rakita gold project in Serbia, showing strong economics with a net present value of $782 million and 36% internal rate of return. The development comes as elevated gold prices enhance margins for new mining projects, with the company's first-quartile production costs of $644 per ounce providing substantial buffer in current market conditions.