White Gold Corp.
(TSXV:WGO)
(FSE: 29W) has published the findings of an independent preliminary economic assessment (PEA) for its flagship White Gold Project in Yukon, Canada, located on the traditional lands of the Tr’ondëk Hwëch’in. The assessment highlights an after-tax net present value of C$1,911 million at a 5% discount rate and an after-tax internal rate of return of 38%, based on a gold price of US$3,600 per ounce. The project plans a 9.4-year open-pit mine producing an average of 188,000 ounces of gold annually, with investors evaluating the economic scale and growth potential of this district-stage asset.
Key Points
- White Gold Corp.
(TSXV:WGO)
(OTCQX:WHGOF)
(FSE: 29W) - Independent PEA reports after-tax NPV of C$1,911 million, 38% IRR, and a 1.7-year payback at US$3,600/oz gold
- Mine life of 9.4 years at 12,000 tonnes per day; initial capital cost estimated at C$1,050 million including contingencies; all-in sustaining cost of US$1,480/oz
- Investors to monitor resource expansion drilling, metallurgical optimization for Arc and Ryan’s Surprise deposits, and underground mining studies at Golden Saddle
PEA Economics and Gold Price Sensitivity at White Gold Project
The PEA, prepared by JDS Energy & Mining Inc. with input from Arseneau Consulting Services Inc. and Knight Piésold Ltd., forecasts after-tax free cash flow of C$2,685 million over the mine life, averaging about C$280 million annually. At a gold price of US$4,500 per ounce, the after-tax NPV increases to C$2,996 million with an IRR of 52%. The pre-tax NPV at the base case is C$3,081 million with a pre-tax IRR of 54%. The base-case payback period is 1.7 years after tax and 1.3 years pre-tax, demonstrating strong early cash flow driven by a high-grade production schedule.
Open-Pit Mining Plan, Processing, and Capital Costs
The PEA outlines conventional open-pit mining using shovel-and-truck methods, processing 41 million tonnes of resources at an average grade of 1.54 g/t gold with an overall strip ratio near 9:1. A carbon-in-leach (CIL) processing circuit is proposed, with recovery rates of 92% for Golden Saddle and VG deposits and 72% for Arc and Ryan’s Surprise. Initial capital expenditure is estimated at C$1,050 million, including C$139 million in contingencies, with sustaining and closure costs adding C$472 million over the mine life. The PEA includes four deposits — Golden Saddle, Arc, Ryan’s Surprise, and VG — accounting for roughly 60% of current mineral resources.
Project Location, Access, and Mineral Resources
The White Gold Project is located about 95 kilometres south of Dawson City, Yukon, in a mining-friendly jurisdiction with a solid regulatory framework. Road access is planned through the proposed Northern Access Road linking Dawson City to adjacent properties; the construction contract was awarded earlier this year and mobilization is underway. The PEA is based on a mineral resource estimate dated 19 August 2025, totaling 1,732,300 indicated ounces at 1.53 g/t gold and 1,265,900 inferred ounces at 1.22 g/t gold. Approximately one-third of total resource ounces lie outside the current mine plan, representing potential upside.
Future Growth Prospects Beyond Current PEA
White Gold Corp. highlights multiple opportunities to extend mine life or enhance economics in future studies, including resource conversion at existing deposits, potential underground mining at the high-grade Golden Saddle core, metallurgical optimization for Arc and Ryan’s Surprise, and satellite feed to the processing plant. The property spans about 55,000 hectares with over 25 exploration targets, most with limited or no drilling to date. Between 15,000 and 20,000 metres of drilling are planned for 2026, and recent drill results are not yet included in the current resource estimate. The immediate impact on the share price remains unclear based on available public information.