Silver price surge revives Nord’s Gowganda tailings - The Northern Miner

AI desk brief

Nord Precious Metals outlined 2.81Moz of indicated silver in historical tailings at its Gowganda project in northeastern Ontario, a plan made more attractive by spot silver around US$64.80/oz, roughly 50% above year-ago levels. The company says the resource uses a US$65/oz cut-off, nearly identical to the current market, with assumed operating cost of $17/t and ~82% recovery, underscoring how higher silver prices can revive old mine waste and brownfield recovery projects.

The shares rose 3% to C$0.17, valuing Nord at about C$22.7mn. Management is advancing engineering, metallurgy and permitting, including pre-submission consultations with Ontario regulators for a planned mineral recovery permit; Nord is pitching tailings cash flow as a funding source for exploration across its broader Cobalt-Gowganda land package.