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Gold X2 Mining Delivers Preliminary Economic Assessment and Updated Mineral Resource Estimate for the Moss Gold Project
All Amounts are in Canadian dollars ("$") unless otherwise indicated Vancouver, British Columb...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Gold X2 Mining Delivers Preliminary Economic Assessment and Updated Mineral Resource Estimate for the Moss Gold ProjectAll Amounts are in Canadian dollars (\"$\") unless otherwise indicatedVancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Gold X2 Mining Inc. (TSXV: AUXX) (OTCQB: GSHRF) (FSE: DF8) (\"Gold X2\" or the \"Company\") is pleased to announce the results of its Preliminary Economic Assessment1 (the \"PEA\") and updated Mineral Resource Estimate2 (\"MRE\") for its 100% owned Moss Gold Project in Ontario, Canada (the \"Moss Gold Project\", \"Moss\" or the \"Project\"). Summary of PEA Results3Base Case (US$2,750/oz Au, US$35.00/oz Ag, $1.34 USD/CAD): After-tax NPV5% of $2.232 billion, IRR of 22.1% and payback of 3.2 years.Long-Term Consensus Gold Price (US$3,137/oz, US$37.74/oz Ag, $1.35 USD/CAD): After-tax NPV5% of $3.152 billion, IRR of 28.1% and payback of 2.5 years.Spot Gold Price (US$4,600/oz, US$90.00/oz Ag, $1.35 USD/CAD): After-tax NPV5% of $6.578 billion, IRR of 48.6% and payback of 1.0 years.PEA and MRE SummaryPEA results reflective of the potential for a top 10 producing gold mine in Canada: Estimated average annual payable gold production of approximately 265,000 ounces and silver production of 374,000 ounces respectively over an initial 13.2 year mine life1,4. Strong margins support rapid payback and significant free cash flow generation: All in Sustaining Costs (\"AISC\")5 of US$1,188/oz and Cash Costs of US$999/oz rank the Moss Gold Project in the second quartile of the cost curve. The Project forecasts after-tax free cash flow of $4.035 billion over the life of mine (\"LOM\") at US$2,750/oz gold and $10.466 billion at the current gold price of US$4,600/oz.Detailed capital and infrastructure costs: Initial capital costs of C$2.001 billion (US$1.493 billion) including contingencies of $303 million and excluding working capital.PEA represents a true base-case scenario at a gold price of US$2,750, silver price of US$35.0, with a clear path to improving economic performance and mine life extension.Optimizing mine scheduling using stockpile management to improve grade in early years of production.Potential for improved processing and metallurgical recoveries through evaluation of a gravity circuit.Potential to increase mine life through additional drilling of mineralized zones both...