White Gold Corp. has released a maiden Preliminary Economic Assessment for the White Gold Project in Canada’s Yukon Territory, outlining an after-tax net present value at a five percent discount rate of C$1,911 million and an after-tax internal rate of return of 38% at a base case gold price of US$3,600 per ounce, with an after-tax payback period of 1.7 years.

The study models a 9.4-year open pit mining operation utilizing a 12,000-tonne-per-day mill. The project is designed to produce an average of 188,000 ounces of gold per year, scaling to 223,000 ounces annually over the first five years, from a total processed resource of 41 million tonnes at an average head grade of 1.54 grams per tonne. Initial capital costs are estimated at C$1,050 million, supported by life-of-mine cash costs of US$1,290 per ounce and all-in sustaining costs of US$1,480 per ounce.

The mine plan incorporates four deposits—Golden Saddle, Arc, Ryan's Surprise and VG—drawing on roughly 60% of the project's current mineral resource estimate of 1,732,300 indicated ounces at 1.53 grams per tonne gold and 1,265,900 inferred ounces at 1.22 grams per tonne gold.

“Our Maiden PEA is a significant milestone for White Gold, delivering a project with strong economics and significant growth potential. Few gold projects anywhere offer this combination of scale, potential returns, favourable jurisdiction and upside. I would like to thank and congratulate our team and all stakeholders who have supported us over the years in advancing The White Gold Project from a conceptual exploration idea towards a development asset with a PEA that compares very well to its peers in the sector.”

“This is a strong technical foundation, built on deliberately conservative assumptions. The PEA open pit mine plan draws on less than two thirds of our current resource ounces and applies preliminary recovery assumptions. A 9.4 year operation producing an average of 188,000 ounces annually is a compelling initial configuration for a district where mineralization remains open and most of our targets remain undrilled.”

— David D'Onofrio, Chief Executive Officer, and Donovan Pollitt, President

Trading volume reached 441,008 shares on August 10, 2026, surpassing the 50-day average volume of 247,756 shares. Meanwhile, gold was trading at US$4,322.30 per ounce, representing a 4.93% increase over the trailing 30-day period as of August 10, 2026.

Near-term work programs include the ongoing 15,000 to 20,000-metre 2026 diamond drilling program utilizing three active rigs to expand known resource zones.

Read the full announcement: White Gold Corp. Announces Positive Preliminary Economic Assessment with C$1.9 Billion After-Tax NPV, 38% IRR and 1.7 Year Payback Period on the White Gold Project, Yukon, Canada