Gum Creek poised for 2028 gold production
Horizon Gold's Definitive Feasibility Study for the Gum Creek project confirms a financially robust open-pit development targeting first production in the second half of 2028, with about 98,000 ounces per year in the first five years and 880,000 ounces recovered over 10 years, supported by a A$350 million capex and AISC of A$2,995/ounce. The project offers a pre-tax free cash flow of about A$1.854 billion, an NPV5 of about A$1.307 billion, and a 53.1% IRR, with a 23-month payback and a Final Investment Decision planned for Q2 2027 and construction in late 2027, while potential upside includes underground and sulphide resources.
