Fury Announces Results of Preliminary Economic Assessment for the Eau Claire Gold Deposit with a Base Case After-Tax NPV (5%) of $554M and After-Tax IRR of 41%

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[{"type":"text","content":"Fury Announces Results of Preliminary Economic Assessment for the Eau Claire Gold Deposit with a Base Case After-Tax NPV (5%) of $554M and After-Tax IRR of 41%\n\n\n\n TORONTO, Sept. 02, 2025 (GLOBE NEWSWIRE) --\n \n Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”)\n \n is pleased to announce results from a preliminary economic assessment (PEA) for the high-grade Eau Claire deposit located in the Eeyou Istchee Territory of the James Bay region of Quebec. The PEA represents an initial conceptual evaluation of the economic potential of Eau Claire’s mineral resources and was prepared in accordance with National Instrument 43-101 (“\n \n NI 43-101\n \n ”) by SGS Geological Services. All dollar amounts are in Canadian dollars unless otherwise specified\n \n .\n \n\n\n Three scenarios, all based on the same mine plan, were evaluated, each returning an after-tax net present value at a 5% discount rate (“NPV\n \n 5\n \n ”) and after-tax internal rate of return (“IRR”) at a gold price of US$2,400 per ounce (“oz”):\n \n\n\n Full standalone operation with all processing on site (the “Base Case”)\n \n\n After-tax NPV\n \n 5\n \n of $554M and after-tax IRR of 41%\n \n\n\n\n Hybrid case starting with two years of toll milling, followed by full standalone crushing, milling, and processing on site (the “Hybrid Case”):\n \n\n After-tax NPV\n \n 5\n \n of $610M and after-tax IRR of 53%\n \n\n\n\n Full toll milling scenario, processing mineralized material off-site at a third-party facility (the “Toll Milling Case”):\n \n\n After-tax NPV\n \n 5\n \n of $639M and after-tax IRR of 84%\n \n\n\n\n\n\n Highlights\n \n\n\n\n Total recovered gold production of 834koz gold at an average diluted head grade of 4.46 g/t gold.\n \n\n Average annual production projected to be approximately 76k oz gold over an 11-year life of mine (“LOM”) at an all-in sustaining cost (“AISC”) of US$1,140/oz for the Base Case; US$1,153/oz for the Hybrid Case, and US$1,170/oz of gold for the Toll Milling Case.\n \n\n Low initial capital expenditures (“CapEx”) ranging from $117M in the Toll Milling Case to $217M in the Base Case.\n \n\n Rapid after-tax payback period of 2.5, 1.5...

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