White Gold Corp Posts Strong Economic Projections for Yukon Project
White Gold Corp has announced the filing of its preliminary economic assessment (PEA) for its White Gold Project in the Yukon, Canada. The PEA outlines a technically straightforward open pit mining operation with positive economics at a consensus long-term gold price.
The report, titled 'Preliminary Economic Assessment, White Gold Project, Yukon', was prepared by JDS Energy & Mining Inc. under NI 43-101 and is available on SEDAR+. The PEA includes the Golden Saddle, Arc, Ryan's Surprise, and VG deposits, which collectively make up the White Gold Project.
The base case gold price used in the PEA is US$3,600/oz, and at this price, the after-tax net present value (NPV) at a 5% discount rate is C$1.86 billion, with an internal rate of return (IRR) of 41%. The payback period is just 1.5 years.
At a higher gold price of US$4,500/oz, the after-tax NPV increases to C$2.91 billion, with an IRR of 57%.