Significant Project Advancements and Economic Viability

Nucor Gold has made remarkable progress with its Enchi Gold project, showcasing strong economic viability through a recent Preliminary Economic Assessment (PEA). The PEA projected an after-tax net present value (NPV) of $630 million at a gold price of $2,350, demonstrating the project's potential even when gold is trading above that price. This assessment highlights the project's robust economics, marked by a high internal rate of return (IRR) of 92% and a payback period of just over one year. As the market has started to recognize Nucor's value, the company has transitioned from being overlooked to being positioned for significant growth in the upcoming years.