Getchell Gold Files $1 Billion NPV Preliminary Economic Assessment for Nevada's Fondaway Canyon Project
Getchell Gold Corp. (GGLDF) has released a preliminary economic assessment (PEA) showing the potential of its Fondaway Canyon gold project in Nevada to generate up to $1.004 billion pre-tax net present value at an assumed base-case gold price of $3,200 per ounce over 10 years. The PEA outlines average annual production of 150,000 ounces and a high internal rate of return (IRR) of 58.8% before taxes. The updated economic model reflects significant improvements from the previous year’s assessment, with NPV increasing by more than 60%, along with increases in contained gold and annual production output. The PEA currently models only open-pit resources within the Central Area, excluding underground deposits and other areas of the project's broader corridor. The study estimates total capital expenditure at $265 million and operating costs per ounce at around $1,373 before additional fees. While preliminary in nature—relying on Indicated and Inferred Resources rather than Reserves—the results highlight strong potential for development if further studies confirm the economic viability.
Tickers: $GGLDF
Topics: gold mining preliminary economic assessment (PEA) project development resource estimation