en.Wedoany.com Reported - Challenger Gold's Hualilán gold project, located in San Juan Province, Argentina, is expected to generate its first revenue by the end of May 2026, a milestone that comes even before the completion of the project's full Pre-Feasibility Study (PFS). The company is processing ore through the Casposo plant, with processing activities having commenced in early May and the first gold sales scheduled within the same month. The Hualilán gold project is currently in an advanced development stage, and Challenger Gold is utilizing an early production strategy to generate cash flow while advancing the final technical studies.

The gold project processes ore through the Casposo plant, a model that enables Challenger Gold to fund part of its development with self-generated revenue and reduce the need for external financing in the next phase. Drilling results from the Magnata area have revealed higher-grade intercepts than initially expected, with an average grade of 7.0 g/t gold, exceeding the 6.2 g/t estimate defined in the PFS mine plan. Challenger Gold is also continuously advancing resource optimization work, and these developments have bolstered confidence in the project's potential.

Challenger Gold's full Pre-Feasibility Study (PFS) is imminent and will be used to define the economic viability and investment requirements for a large-scale standalone operation. The strategy of early production through ore processing allows the company to transition from explorer to producer, while laying the foundation for the full-scale development of the Hualilán gold project as a major mining operation.

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