White Gold Corp Unveils Strong Economics for Yukon Project

White Gold Corp has announced the results of its Preliminary Economic Assessment (PEA) for the White Gold Project in Yukon, Canada. The project is expected to be a 9.4-year open pit mine producing an average of 188,000 ounces of gold per year at a base case price of US$3,600/oz.

The PEA outlines after-tax net present value (NPV) of C$1.911 billion and an internal rate of return (IRR) of 38% with a payback period of 1.7 years. At a gold price of US$4,500/oz, the NPV increases to C$2.996 million with an IRR of 52%. The project is expected to generate life-of-mine after-tax free cash flow of C$2.685 billion.

The White Gold Project has been estimated to have high upfront capital costs, with initial capex of C$1.05 billion plus sustaining and closure costs. However, the company cautions that the PEA is preliminary and does not demonstrate economic viability or mineral reserves.