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Fuerte Announces a Positive Preliminary Economic Assessment for the Coffee Gold Project; Positioning the Company as one of Canada's Next Gold Producers
After-Tax NPV(5%) of US$2.3 Billion and IRR of 47.8% at Consensus Gold Prices After-Tax NPV(5%...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"Fuerte Announces a Positive Preliminary Economic Assessment for the Coffee Gold Project; Positioning the Company as one of Canada's Next Gold Producers After-Tax NPV(5%) of US$2.3 Billion and IRR of 47.8% at Consensus Gold PricesAfter-Tax NPV(5%) of US$4.0 Billion and IRR of 67.2% at Spot Gold PriceVancouver, British Columbia--(Newsfile Corp. - February 22, 2026) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) (\"Fuerte\" or the \"Company\") is pleased to announce the results of its Preliminary Economic Assessment (\"PEA\") for the 100% owned Coffee Gold Project (\"Coffee\") in Yukon, Canada. Highlights:Very robust economics: After-Tax NPV(5%) of US$2.3 Billion, IRR of 47.8%, and payback achieved in 1.7 years at analyst consensus gold prices(1). After-Tax NPV(5%) of US$4.0 Billion, IRR of 69.7%, and payback achieved in 1.2 years at spot gold prices(2).High-quality open-pit heap-leach mine with significant production: 249,000 oz per year on average in the first full five years of production and 217,000 oz on average over the 13-year Life of Mine.Attractive cost profile: Cash operating costs of US$1,136/oz and All-In Sustaining Costs (\"AISC\") of US$1,274/oz position the project in 2nd quartile of global producers.Stable, supportive jurisdiction: Strong support from the Yukon Government and agreements in place with key First Nations provide momentum in a politically secure, established mining jurisdiction.Clear pathway to production: PEA is the catalyst for significant early works in 2026, expected receipt of mine permits by end of year, and a construction decision in early 2027.1 Analyst consensus prices as at February 18, 2026: US$4,100/oz in 2029 and US$3,620 in 2030 and beyond.2 Spot price scenario is based on US$5,000/oz, which is the LBMA gold price as of the close of business on February 18, 2026, of US$5,003/oz rounded to the nearest $100/oz.Fuerte's CEO, Tim Warman, commented: \"The positive results of the PEA strongly validate our decision to acquire the Coffee project in 2025. We will be moving ahead with an aggressive timeline and early works program in 2026, including construction of the remaining portions of the access road from Dawson to the Coffee Project, which we anticipate beginning on receipt of road-related permits later this spring. We expect to obtain the key remaining mine licenses by year-end, whic...