White Gold Corp. has published a preliminary economic assessment (PEA) regarding its White Gold Project located in Yukon, Canada. The PEA outlines a mining operation that is expected to last 9.4 years, with a daily processing capacity of 12,000 tonnes of ore. The project is projected to produce an average of 188,000 ounces of gold per year, with a significant initial output of 223,000 ounces in the first five years.
At the current gold price of US$3,600 per ounce, the after-tax net present value (NPV) of the project is estimated at C$1.9 billion, with an internal rate of return (IRR) of 38%. The assessment notes that if the gold price were to rise to US$4,500 per ounce, the NPV could increase to C$3 billion and the IRR could reach 52%. These figures indicate a potentially profitable venture as the gold market remains dynamic and subject to fluctuations. The operation's economics could further improve with an increase in gold prices, which are an important factor in the mining sector's viability.
This assessment marks an important step for White Gold Corp. as it seeks to advance the project and attract potential investors. The results of the PEA will guide future decisions regarding the development and financing of the operation, highlighting the significance of the White Gold Project within Yukon’s growing mining industry.
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