Mining Stock Daily
US Gold Corp on its Updated PFS for the CK Gold Project in Wyoming
Mar 25, 2025
George Bee, an industry veteran with over 40 years of mining experience, updates listeners on the CK Gold Project in Wyoming. He discusses the project's shift towards gold and copper production, showcasing its strong financial metrics and impressive production rates. Bee elaborates on the innovative strategies for resource acquisition and recovery, while also highlighting the positive outlook for permitting and financial support. With significant progress made in the pre-feasibility study, the project's future shines bright.
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Quick takeaways
- The CK Gold Project's updated pre-feasibility study shows a strong net present value of $459 million, highlighting its economic potential amidst favorable market conditions.
- US Gold Corp's strategic focus on financing and resource expansion positions the CK Gold Project optimally for construction and long-term production growth.
Deep dives
Economic Viability of the CK Gold Project
The CK Gold Project, located in Wyoming, has demonstrated significant economic potential, with an updated pre-feasibility study revealing a net present value of $459 million and an internal rate of return of 36%. These figures are based on current price assumptions of $2,100 per ounce for gold, $4.10 per pound for copper, and $27 per ounce for silver. Notably, these prices are above those used in previous studies, indicating a favorable market environment for the project. The expected mine life spans ten years with an average production of over one million ounces of gold equivalent during this period, reinforcing the project's strong financial outlook.
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