Business

‘Dokwe Gold Project has 1 million gold ounces potential’

NewsDay Staff ·

‘Dokwe Gold Project has 1 million gold ounces potential’

UNITED Kingdom-based miner, Ariana Resources Plc, says its Dokwe Gold Project has the potential to produce over 1 million ounces of gold.

In April, Ariana valued its Dokwe Gold Project’s profitability at US$160 million following an updated assessment that found the project to have a net present value (NPV) of the same amount.

NPV is defined as a financial tool used to evaluate the profitability of an investment or project by comparing the present value of future cash flows to the initial investment cost.

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