FINWIRES · TerminalLIVE
FINWIRES

Getchell Gold Files Preliminary Economic Assessment on Fondaway Canyon Gold Project

By

Getchell Gold (GTCH.CN) has filed a preliminary economic assessment on its Fondaway Canyon gold project in Nevada, the company said Thursday.

The PEA outlines an open pit mining and conventional milling operation with an initial mine life of about 10 years. The mine has a $905 million after-tax net present value discounted at 8% and a 53.1% after-tax internal rate of return.

It has 1.52 million ounces gold recovered over the 10-year life of mine with average annual gold production of 150,000 ounces. This represents a 28% increase in both contained ounces of gold and average annual gold production from the 2025 PEA.

Related Articles

Mining & Metals

New Pacific Metals Reports a Flat Fiscal Fourth-Quarter Loss

New Pacific Metals (NUAG.TO) after trade Thursday reported a fiscal fourth-quarter net loss attributable to equity holders of $0.01 per share, unchanged from a year ago.Four analysts polled by FactSet expected the company to post earnings of nil per share.The company said its working capital stood at $37.76 million.The company's shares closed down CA$0.01 to CA$9.25 on the Toronto Stock Exchange.

$NUAG.TO
Mining & Metals

AGF Management AUM & Fee-Earning Assets Jump 31% YoY

AGF Management (AGF-B.TO) Thursday after trade said total assets under management (AUM) and fee-earning assets jumped 31% year over year to CA$74.2 billion as at Aug. 31.This was 1.2% lower than the CA$75.1 billion that was reported on July 31, the company said.AGF shares closed up CA$0.90 at CA$21.61 on the Toronto Stock Exchange.

$AGF-B.TO
Mining & Metals

Definity Financial Estimates a CA$130 Million Hit From July-August Catastrophe Losses

Definity Financial (DFY.TO) said Thursday it expects catastrophe losses in July and August to reduce underwriting income by about CA$130 million net of reinsurance recoveries.It equals CA$0.79 per share after taxes and reinsurance, the company said.The losses are due to severe rainstorms and flooding in Ontario and Alberta in July, as well as flooding in Ontario and wildfires in British Columbia in August.Definity said its third-quarter catastrophe losses so far are "trending meaningfully" above the full-quarter market consensus estimate of CA$93 million. The company plans to provide a finalized update for the quarter in the first half of October.The company's shares closed down CA$1.29 to CA$73.65 on the Toronto Stock Exchange.

$DFY.TO