Fortune Bay weighs off-site gold production at Goldfields - Canadian Mining Journal

AI desk brief

Fortune Bay says its Ausenco processing trade-off study for Goldfields in Saskatchewan favors either a simpler concentrate flowsheet or on-site doré production, with Ausenco finding the on-site route delivers slightly better gold recovery while concentrate production lowers initial capex, reagent use and plant complexity. The company said its newer metallurgical work showed strong gravity response at coarse grind and encouraging flotation results, though more testing is still needed before engineering parameters are finalized.

CEO Dale Verran said the current gold price of about US$4,100/oz versus the PEA’s US$2,600/oz base case makes it timely to reassess processing and mine scheduling before locking in a development path. The update is project-specific rather than market-moving, but it underscores how much higher bullion prices are improving optionality and economics for undeveloped gold assets.