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QGold Resources Announces Maiden Preliminary Economic Assessment for the Quartz Mountain Gold Project, Positioning the Company as a Premier Gold Development Asset in the United States
TSX-V: QGR | OTCQB: QGLDF | Frankfurt: QX9G After-Tax NPV(5%) of US$1.71 Billion and After-Ta...
About this update from Q-gold Resources Ltd
[{"type":"text","content":"QGold Resources Announces Maiden Preliminary Economic Assessment for the Quartz Mountain Gold Project, Positioning the Company as a Premier Gold Development Asset in the United States\nTSX-V: QGR | OTCQB: QGLDF | Frankfurt: QX9G After-Tax NPV(5%) of US$1.71 Billion and After-Tax IRR of 55.2% at a 2-Year Trailing Average Gold Price of US$3,265/oz After-Tax NPV(5%) of US$3.20 Billion and After-Tax IRR of 92% at a spot Gold Prices (2) Low-Cost Gold Mine with AISC of US$1,216/oz(3) and Life of Mine Gold Production of 1.9M ounces and average mine production profile 135k Gold ounces annually over life of mine of 14 years Initial Capex of US$290 Million (Includes All taxes and US$48M in Contingency) Updated NI-43-101 Mineral Resource Estimate of 2.01 million oz Gold in the Indicated Category and 494K oz of Gold in the Inferred Category TORONTO, April 08, 2026 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSX-V: QGR; OTCQB: QGLDF; Frankfurt: QX9G) (\"QGold\" “QGold Resources” or the \"Company\") is pleased to announce the results of its Preliminary Economic Assessment (\"PEA\") for its Quartz Mountain Gold Project (\"Quartz Mountain\" or the \"Project\"), located in Lake County, Oregon, USA. The PEA was prepared by Kappes, Cassiday & Associates (\"KCA\") of Reno, Nevada, a leading engineering firm with extensive gold project expertise. HIGHLIGHTS: Strong Economics at a Conservative Gold Price: After-Tax NPV(5%) of US$1.71 billion and After-Tax IRR of 55.2% based on a 24-month trailing average gold price of US$3,265/oz — materially below current spot gold of approximately US$4,800/oz(1), highlighting significant additional upside in the current gold price environment. Attractive Low-Cost Profile: Cash operating costs of US$1,010/oz and All-In Sustaining Costs (\"AISC\") of US$1,214/oz(3) position Quartz Mountain competitively among North American gold projects.Long-Life, Strong Production Mine: 14-year mine life with average annual gold production of 135,400 oz, peak annual production of 166,300 oz, LOM gold recovery of 79.6%, and a low strip ratio of 0.65:1Capital Efficiency: Initial capital of US$290 million (including equipment taxes and working capital) delivering a rapid after-tax payback of 1.80 years.Strong Jurisdictional Foundation: Quartz Mountain is situated in Lake County, Oregon, within the United States...