Spanish Mountain Gold Announces Uplift in Scale and Value at Its B.C. Gold Project and Receives Confirmation From Provincial Regulators to Resume the Previously Paused Environmental Assessment and Permitting Process Advancing Towards Developme - Resource World Magazine

AI desk brief

Spanish Mountain Gold said its updated PEA materially upsized the B.C. project, now forecasting 3.33 Moz of payable gold over a 25.8-year mine life versus 3.0 Moz previously, with first-5-year output averaging 207 koz/yr and AISC of US$1,098/oz. At the base case gold price assumption of US$3,600/oz, after-tax NPV5% is US$2.156bn and IRR 35.2%; at a US$4,400/oz spot assumption, NPV5% rises to US$3.142bn and IRR to 46.3%.

The study also lifts throughput from 26 ktpd to 31 ktpd, trims the strip ratio to 1.8:1 from 2.0:1, and increases Main deposit Measured + Indicated contained gold by 500 koz, with Inferred up 227 koz. On permitting, BC regulators authorized resumption of the paused provincial/federal EA process in August, and the company is targeting an updated draft Detailed Project Description in Q4 and formal submission in Q1 2027, with a build decision by H1 2028.