Proactive - Interviews for investors

Canagold Resources reports strong feasibility study results for New Polaris Gold-Antimony project

Episode Summary

Canagold Resources CEO Catalin Kilofliski joined Steve Darling from Proactive to share the positive results of the Feasibility Study for the company’s 100%-owned New Polaris gold-antimony project in northwest British Columbia. The study confirms robust project economics and sets the stage for Canagold’s transition into permitting and development. Kilofliski highlighted that the FS outlines an after-tax Net Present Value (NPV) of $425 million and an Internal Rate of Return (IRR) of 30.9% based on a base-case gold price of US$2,500 per ounce, with a project payback period of just 2.4 years. Under a spot gold price of US$3,300 per ounce, the economics become even more compelling, with an after-tax NPV of $793 million, an IRR of 47.3%, and a reduced payback period of 1.7 years. The Life of Mine (LOM) after-tax free cash flow is projected to be $649 million at the base-case price and $1.1 billion at the spot price, reinforcing New Polaris as a low-capex, low-AISC project with significant upside potential. Kilofliski stated, “The Feasibility Study results demonstrate exceptional economics, even at conservative gold prices. As we continue optimizing the project—including antimony recovery and potential cost reductions through green power solutions—our immediate priority is progressing through the permitting phase toward construction and eventual production.” He also acknowledged the Taku River Tlingit First Nation for their collaborative engagement and ongoing open dialogue, emphasizing the company’s commitment to responsible development. #proactiveinvestors #canagoldresources #tsx #ccm #otcqb #crcuf #mining