March 12, 2026
U.S. GoldMining Inc. (NASDAQ: USGO) has released a preliminary economic assessment for its Whistler project in Alaska, outlining average production of approximately 250,000 gold equivalent ounces per year over a 15-year mine life, including roughly 345,000 gold equivalent ounces annually in the first three years.
Speaking with Kitco Mining at PDAC 2026, CEO Tim Smith said the study returned a 33% after-tax internal rate of return using base case assumptions of $3,200 gold and $4.50 copper.