Fortune Bay outlines Goldfields project PEA showing after-tax NPV(5%) of C$ 1.25 billion at US$ 3,650/oz gold

Reuters2026/09/03 19:52

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Fortune Bay outlined plans to advance the 100%-owned Goldfields project in Saskatchewan toward a pre-feasibility study.
Updated PEA metrics showed after-tax NPV(5%) of C$1.25 billion, 74% after-tax IRR, 0.98-year payback at US$3,650/oz gold.
Initial capex estimated at C$301 million; life-of-mine AISC of US$1,330/oz; 4,950 tpd throughput; 14-year mine life.
Goldfields mineral resources effective Sept. 11, 2025: 990,000 oz indicated, 214,000 oz inferred, reported at 0.28 g/t cutoff.
Capital structure as of Sept. 1, 2026: 71,300,000 shares outstanding; C$4.3 million cash; share price C$0.89; market cap C$63.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortune Bay Corp. published the original content used to generate this news brief on September 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fortune Bay outlines Goldfields project PEA showing after-tax NPV(5%) of C$ 1.25 billion at US$ 3,650/oz gold

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