Horizon Gold has released a definitive feasibility study for its Gum Creek project in Western Australia, outlining a potential cashflow of $1.8 billion.
The study projects the extraction of 880,000 ounces of gold over a 10-year mine life, signaling a significant advancement for the company's flagship asset.
The release of the definitive feasibility study (DFS) is a critical milestone in the mining development cycle, moving the project from exploration and preliminary assessment toward a final investment decision.
For investors, the robust financial metrics presented in the study provide a clearer picture of the project's economic viability and potential return on capital.
Horizon Gold's progress at Gum Creek adds to the growing list of advanced gold projects in Western Australia.
The region has seen increased interest from miners seeking to expand production capacity amid sustained gold prices.