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Prodigy Gold Inc.'s lead project is the advanced Magino mine project in northern Ontario. The company is evaluating the development of Magino as an open-pit mine with the potential for deeper, higher-grade gold production. A PEA of the project shows a pre-tax NPV of $939M and an IRR of 36% at a 5% discount rate and US$1,200/oz gold price. The PEA projects average gold output of 249 Koz/year at cash costs of $461/oz over an 11-year project life.