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U.S. GoldMining Files PEA Technical Report for Its Whistler Project, Alaska
ANCHORAGE, Alaska, March 23, 2026 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") is pleased to announce that it has filed an S
About this update from U.s. Goldmining Inc.
[{"type":"text","content":" ANCHORAGE, Alaska, March 23, 2026 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (\"U.S. GoldMining\" or the \"Company\") is pleased to announce that it has filed an S-K 1300 technical report summary (the \"S-K 1300 Report\") and a Canadian National Instrument 43-101 (\"NI 43-101\") technical report respecting the initial economic assessment for the initial economic assessment (the \"PEA\") on its 100%-owned Whistler Gold-Copper Project (\"Whistler\" or the \"Project\") in Alaska reported in its news release dated March 2, 2026. 2026 Whistler PEA Highlights1: Strong economics and quick payback: After-tax net present value at 5% discount rate (\"NPV5%\") of $2.0 billion, an internal rate of return (\"IRR\") of 33%, and initial payback of 2.1 years, at Base Prices. At spot prices, the estimated after-tax NPV5% increases to approximately $4.9 billion, an IRR of 62%, and initial payback of 1.2 years. Significant production over long mine life: Annual production of 345,000 gold equivalent (\"AuEq\") ounces (\"oz\") over the first three years. Life of mine (\"LOM\") average annual production of 246,000 oz AuEq over the initial 14.6 year mine life. At Base Prices, approximately 25% contribution from copper, a designated critical mineral by the U.S. Department of the Interior. Attractive cost profile: Initial capital expenditures of approximately US$1.3 billion, including a 20% contingency, and LOM All-In Sustaining Costs (\"AISC\") of $1,046 per gold ounce (by-product basis). Exploration potential: The PEA considers only one of three deposits on the property with stated Resources. Several additional targets nearby the Whistler deposit have been identified for further exploration. Tim Smith, Chief Executive Officer of U.S. GoldMining commented: \"With the completion of our Whistler PEA we've achieved a major milestone for the Project and the Company. We are extremely pleased with the results of the PEA, which delivers exceptional value and sets a solid foundation for the Whistler Project. We look forward to continuing to advance mining studies at the Project in the near term. We are also encouraged about the potential to expand the model by integrating additional resources through additional work. We're also excited about our exploration strategy across the Project to develop a pipel...