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Newcore Gold's Enchi Project PFS shows $647M NPV, 45% IRR, 130K oz annual gold production in Ghana

Company Fundamentals
24 Jun 2026
GlobeNewsWire
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Bullish
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Newcore Gold announced a robust Pre-Feasibility Study (PFS) for its Enchi Gold Project in Ghana, revealing an after-tax net present value (NPV) of $647 million and an internal rate of return (IRR) of 45% at a spot gold price of $4,200/oz. The project plans an open-pit mine with a 9.3-year life, producing about 130,000 ounces of gold annually in the first three years, with initial capital costs of $351 million and a payback period of 1.4 years. Ongoing drilling suggests potential for resource expansion, especially high-grade mineralization at depth, supporting future growth. The company aims to secure a mining lease this year and advance the project towards production with strong government support in Ghana.

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