White Gold Corp.'s Maiden PEA Spells Out Strong Economics for Yukon Project

White Gold Corp., a mining company based in Canada, has announced the filing of its Preliminary Economic Assessment (PEA) for the White Gold Project. The PEA outlines a technically straightforward open pit mining operation with the potential for positive economics at a consensus long-term gold price.

The report, prepared by JDS Energy & Mining Inc., estimates an after-tax net present value (NPV) of C$1.86 billion and an internal rate of return (IRR) of 41% at a base case gold price of US$3,600/oz. The project is expected to produce an average of 188,000 ounces of gold per year over its 9.4-year mine life, with a payback period of just 1.5 years.

The PEA also highlights the project's strong cash generation potential, with a life-of-mine after-tax free cash flow of C$2.67 billion. The company notes that this represents a significant opportunity for value creation and growth, particularly given the project's favorable jurisdiction and district-scale potential.