Spanish Mountain Gold Announces Uplift in Scale and Value at Its B.C. Gold Project and Receives Confirmation From Provincial Regulators to Resume the Previously Paused Environmental Assessment and Permitting Process Advancing Towards Developme - Yahoo! Finance Canada

AI desk brief

Spanish Mountain Gold says its updated PEA for the B.C. Spanish Mountain project lifts scale and economics: 25.8-year mine life, 3.33 Moz payable gold, and after-tax NPV5% of US$2.156bn with 35.2% IRR at US$3,600/oz gold; at spot gold of US$4,400/oz, NPV5% rises to US$3.142bn and IRR to 46.3%. First 5-year output is projected at 207 koz/yr at US$1,098/oz AISC net of by-product credits, with 1.8-year payback on US$1.05bn initial capex.

Compared with the 2025 PEA, the study increases throughput to 31 ktpd from 26 ktpd, lifts LOM production by 11% to 3.33 Moz, and reduces the strip ratio to 1.8:1 from 2.0:1. The company also says BC regulators have authorized resumption of the paused provincial/federal EA process, with an updated DPD targeted for Q4 and formal submission in Q1 2027, keeping the project on track toward a 2028 build decision.