Fortune Bay Presents Lower-Capital Staged Development Option for Goldfields Project
Bitget2026/11/03 01:00- Fortune Bay is advancing Saskatchewan's Goldfields project toward a pre-feasibility study while evaluating a lower-capital, staged development approach.
- A completed processing study supports further evaluation of concentrate production as an alternative to on-site doré production.
- The updated preliminary economic assessment estimates initial capital expenditure of C$ 301 million for a 14-year mine life.
- At US$ 2,600 per ounce gold, estimated after-tax net present value is C$ 610 million, with a 44% internal rate of return.
- Environmental work continues as the company assesses whether concentrate production could fit existing Box approvals, subject to regulatory confirmation.
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