Meridian Mining: Cabaçal’s DFS Delivers Standout Economics

Meridian's Cabaçal DFS shows a $2.092B NPV, 134% IRR at spot, and a compressed path to construction financing.

• DFS economics: Cabaçal's base case (gold $3,570/oz, copper $5.03/lb) delivers a post-tax NPV5 of $2.092B, 107.6% IRR, and NPV-to-capex ratio of 6.5x.
• Spot price upside: At spot prices ($4,394 gold, $6.53 copper) NPV rises to $2.9B, IRR to 134%, payback falls to just 0.7 years.

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