White Gold Corp. (TSXV: WGO) has released an independent Preliminary Economic Assessment for its flagship White Gold Project in Yukon, Canada, outlining a 9.4-year open pit gold operation with an after-tax NPV of C$1,856 million and a 41% internal rate of return at a base case gold price of US$3,600 per ounce. The PEA, prepared by JDS Energy & Mining Inc. under NI 43-101, incorporates the Golden Saddle, Arc, Ryan's Surprise, and VG deposits. The study represents a key development milestone for the company, with the project demonstrating a short 1.5-year after-tax payback period that investors may find compelling in the current gold price environment.

Key Points

  • White Gold Corp. (TSXV: WGO | OTCQX: WHGOF | FSE: 29W) released its maiden PEA for the White Gold Project, Yukon
  • Base case after-tax NPV(5%) of C$1,856 million, 41% IRR, and a 1.5-year payback at US$3,600/oz gold
  • Average annual production of 188,000 ounces over a 9.4-year mine life; 223,000 ounces per year in the first five years; initial capital of C$1,002 million including contingency
  • Investors may watch for updates on ongoing 2026 drilling, resource expansion, and advancement to the next stage of economic study

White Gold Project PEA Economics and Production Profile

The PEA outlines a conventional 12,000 tonne per day open pit operation processing 41 million tonnes over a 9.4-year mine life, yielding total payable gold of 1,765,000 ounces. Life-of-mine after-tax free cash flow is projected at C$2,673 million, averaging approximately C$280 million per year. All-in sustaining costs are estimated at US$1,482 per ounce, with total cash costs of US$1,290 per ounce. At a gold price of US$4,500 per ounce, the after-tax NPV rises to C$2,911 million with a 57% IRR, highlighting the project's leverage to gold price movements.

Capital Requirements and Road-Accessible Yukon Location

Initial capital, including contingency, is estimated at C$1,002 million, with sustaining capital of C$357 million and closure and reclamation costs of C$112 million net of salvage. The project is located approximately 95 kilometres south of Dawson City and proposes to connect to the planned Northern Access Route, with the construction contract awarded and mobilisation underway. The release states access will be via an all-weather gravel road, crossing the Stewart River by barge in summer and ice road in winter, within the Traditional Territory of the Tr'ondëk Hwëch'in.

Resource Base and Growth Opportunities Beyond the PEA Mine Plan

The PEA mine plan draws on approximately 60% of the company's mineral resource estimate dated August 19, 2025, which totals 1,732,300 ounces Indicated at 1.53 g/t gold and 1,265,900 ounces Inferred at 1.22 g/t gold. The remaining ounces, including the QV deposit, sit outside the current mine plan. The company states that mineralization remains open at all four deposits included in the PEA, and that more than 25 additional exploration targets have been identified across the approximately 55,000-hectare property, most of which have seen limited or no drilling.

First Nations Engagement and Regulatory Context

White Gold Corp. acknowledges the project's location within the Traditional Territory of the Tr'ondëk Hwëch'in and commits to ongoing engagement with the Tr'ondëk Hwëch'in and other First Nations whose traditional territories overlap with company tenures or the proposed access route. The Yukon Territory is described in the announcement as a stable mining jurisdiction with a well-defined regulatory process and consistent rankings in global mining investment surveys. The PEA is preliminary in nature and includes Inferred Mineral Resources; there is no certainty the outcomes described will be realised.