New gold discovery boosts Perpetua’s Stibnite project

AI desk brief

Perpetua reported a new discovery at its Stibnite project in Idaho: Fiddle hole SB633 intersected 109.7 meters grading 3.2 g/t gold and 1.1% antimony, starting 189 meters downhole; true width was not specified. Fiddle lies approximately 750 meters south of the permitted Yellow Pine pit, while follow-up drilling extended mineralization northward. The $1.3 billion project is advancing construction, with planned annual gold production of roughly 450,000 ounces and more than six million ounces of proven and probable gold reserves. The discovery could improve Perpetua’s resource outlook, but the reported drilling does not establish additional reserves or a near-term bullion-supply effect.