U.S. Gold Corp. released the results of its updated Prefeasibility Study (PFS) for the CK Gold Project in Wyoming on February 11, 2025, demonstrating robust potential economic performance. The PFS projects total gold equivalent production of 1.112 million ounces over a 10.2-year mine life, with an average all-in sustaining cost (AISC) of $937 per gold equivalent ounce.
Key economic indicators include a post-tax Net Present Value (NPV) of $356 million at a 5% discount rate and a post-tax Internal Rate of Return (IRR) of 30%, based on metal price assumptions of $2,100 per ounce gold, $4.10 per pound copper, and $27 per ounce silver. The initial capital requirement is estimated at $277 million, with a pre-tax payback period of 1.7 years.
The study incorporates a Mineral Reserve Estimate of 73.2 million tons containing 1.672 million gold equivalent ounces, effective January 6, 2025. Management aims to finalize the Definitive Feasibility Study by the end of 2025, with construction potentially beginning in late 2025 or 2026 and initial production targeted for 2028.
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