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An update from Atacama Copper Corporation ( (TSE:FMT) ) is now available.
Fuerte Metals has released a positive preliminary economic assessment for its 100%-owned Coffee Gold Project in Yukon, outlining a 13-year open-pit, heap-leach operation producing an average 249,000 ounces of gold annually in the first five full years and 217,000 ounces over the mine life. With projected all-in sustaining costs of US$1,274 per ounce, strong after-tax net present values and internal rates of return at both consensus and spot gold prices, and a planned infill drilling program to upgrade resources, the company is targeting mine permits by year-end 2026 and a construction decision in early 2027, underscoring its ambition to become one of Canada’s next gold producers while maintaining cooperative relationships with Yukon First Nations.
More about Atacama Copper Corporation
Fuerte Metals Corporation is a Vancouver-based mining company focused on developing the Coffee Gold Project in Yukon, Canada. The company is advancing an open-pit, heap-leach gold mine with support from the Yukon government and collaboration agreements with local First Nations, positioning itself as a potential new mid-tier Canadian gold producer.
Average Trading Volume: 225,825
Technical Sentiment Signal: Buy
Current Market Cap: C$832.9M
Find detailed analytics on FMT stock on TipRanks’ Stock Analysis page.