Wedoany.com Report on Feb 25th, In its latest statement, Fuerte Metals pointed out that the Coffee Gold Mine project in the Yukon region has the potential to recoup its initial investment in approximately one year at current gold price levels. The project's capital cost is CAD 983 million, and based on a spot price of USD 5,000 per ounce, the payback period could be shortened to 1.2 years.

A Preliminary Economic Assessment indicates that the Coffee Gold Mine has an after-tax Net Present Value of USD 4 billion and an Internal Rate of Return of 67%. The project will utilize open-pit heap leaching, with an estimated mine life of 13 years and average annual gold production of 249,000 ounces during the first five years.

Discovered by Sean Ryan, the Coffee Gold Mine is one of Canada's significant heap leach projects. Major investors include Newmont and Agnico Eagle Mines, with Fuerte acquiring the asset from Newmont last October. Plans for this year include 40,000 meters of drilling to prepare for a feasibility study, with a construction decision targeted for early 2027.

CEO Tim Warman brings thirty years of industry experience, having been involved in several high-value transactions. The capital requirements for the Coffee Gold Mine include road construction costs for the northern access route, with total costs estimated at CAD 1.72 billion. Resource data shows the project holds Measured and Indicated resources of 2.96 million ounces.

Fuerte stated that early-stage engineering could commence later this year, with the remaining mining permits expected to be approved by year-end. The rapid payback potential of the Coffee Gold Mine project has attracted market attention, leading to a recent increase in the company's stock price.