Getchell Gold posts PEA for Nevada Fondaway Canyon project with pre-tax NPV8% of US$1 billion

Reuters2026/07/21 07:38

By:Reuters

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Getchell Gold released a preliminary economic assessment for its 100%-owned Fondaway Canyon gold project in Nevada, outlining a 12,000 tpd open-pit mine.
Base case at a US$ 3,200/oz gold price: pre-tax NPV8% of US$ 1 billion, pre-tax IRR of 58.8%; after-tax NPV8% of US$ 905 million, after-tax IRR of 53.1%.
Initial capex estimated at US$ 265 million, including a 20% contingency; pre-tax payback estimated at 1.5 years.
Mine plan targets 1.52 million oz recovered over a 10-year life; average annual production of 150,000 oz; average mined grade of 1.38 g/t Au; estimated recovery to sales of 80%.
Operating costs estimated at US$ 1,373/oz; cash costs estimated at US$ 1,740/oz; concentrate sale contemplated for third-party oxidation and refining.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Getchell Gold Corp. published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Getchell Gold posts PEA for Nevada Fondaway Canyon project with pre-tax NPV8% of US$1 billion

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