Horizon Gold DFS: Eyes 2028 production at Gum Creek - Proactive financial news

AI desk brief

Horizon Gold’s DFS for its 100%-owned Gum Creek project in Western Australia outlines a restart path to first gold in 2H28, with FID targeted for Q2 2027 and construction from Q4 2027. The plan envisages a 10-year mine life and average production of about 100,000 oz/yr, with the first five years strongest.

The study is based on a 2.4Mtpa processing circuit and assumes a gold price of A$5,500/oz, generating an estimated A$1.3bn NPV and ~50% IRR. Horizon says the project still screens strongly at lower prices with AISC just under A$3,000/oz, while pre-production capex is estimated at A$350m and financing talks are starting across debt, equity and royalty options.