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Q-Gold Resources ( (TSE:QGR) ) has provided an announcement.
Q-Gold Resources has delivered a maiden Preliminary Economic Assessment for its Quartz Mountain Gold Project in Oregon, outlining a 14-year open-pit operation with life-of-mine production of about 1.9 million ounces of gold and average annual output of 135,400 ounces. The study indicates robust economics, including an after-tax NPV of US$1.71 billion, a 55.2% IRR at a conservative gold price, all-in sustaining costs of roughly US$1,214 per ounce, and initial capital of US$290 million with a payback of under two years.
Management says the results confirm Quartz Mountain as a world-class gold asset with strong margins, underpinned by a low strip ratio and competitive cost profile among North American projects. With supportive local and regulatory relationships in Oregon, the company plans to advance permitting, conduct 2026 drilling and metallurgical work, and move toward a feasibility study, potentially elevating Q-Gold’s standing as a premier U.S. gold development player and reshaping its long-term growth outlook.
More about Q-Gold Resources
Q-Gold Resources is a Toronto-based mineral exploration and development company focused on advancing the Quartz Mountain Gold Project in Lake County, Oregon. The company is positioning Quartz Mountain as a long-life, low-cost open-pit gold mine, targeting the North American precious metals market with a strategy centered on capital efficiency and strong project economics in a stable U.S. jurisdiction.
Average Trading Volume: 235,684
Technical Sentiment Signal: Sell
Current Market Cap: C$22.22M
For detailed information about QGR stock, go to TipRanks’ Stock Analysis page.