Spanish Mountain Gold pegs B.C. project after-tax NPV at USD 2.16 billion in PEA update

Spanish Mountain Gold released a 2026 PEA update for its Spanish Mountain Gold Project in British Columbia, targeting a 25.8-year open-pit mine. Base-case after-tax NPV at 5% is USD 2.16 billion and after-tax IRR is 35.2%, using USD 3,600/oz gold. At USD 4,400/oz gold, after-tax NPV at 5% rises to USD 3.14 billion and after-tax IRR increases to 46.3%. Initial capex is estimated at USD 1.05 billion and payback period is 1.8 years in the base case. Life-of-mine payable production is estimated at 3.33 million ounces of gold, with throughput lifted to 31,000 tpd from 26,000 tpd.