CA$1.86 Billion Gold Project PEA Uses Just 60% of Current Resource - Streetwise Reports

AI desk brief

White Gold filed a maiden PEA for its Yukon White Gold Project outlining a 9.4-year open-pit mine producing 188,000 oz/yr on average, with 1.856bn after-tax NPV, 41% IRR and 1.5-year payback at a US$3,600/oz gold case. The study assumes US$1,290/oz cash costs and US$1,482/oz AISC, while roughly 40% of current resource ounces sit outside the mine plan, leaving room for growth from ongoing drilling.

The same excerpt frames the project economics against a softer gold tape: spot gold was US$4,158.05/oz on Sept. 29, up 1.05% on the day but down 6.36% over the past month, with recent pressure tied to higher Treasury yields, a firmer USD and tighter Fed expectations amid elevated oil prices. Technical commentary flagged US$4,100.68 as initial support and US$4,550.04 as key resistance, with deeper support seen around US$3,946.74-US$3,886.64 if the current floor fails.