Horizon Gold's Gum Creek DFS targets first production in 2028

Horizon Gold Ltd managing director Scott Williamson talked with Proactive about the definitive feasibility study for the company’s 100%-owned Gum Creek Gold Project in Western Australia and its planned transition from explorer to developer. The open-pit study outlines a financially robust development pathway targeting first production in the second half of 2028. Gum Creek is expected to produce an average of 98,000 ounces of gold per annum during the first five years, with total recovered production of 880,000 ounces across an initial 10-year mine life. Based on a gold price of A$5,500 per ounce, the project is forecast to generate A$1.85 billion in pre-tax free cash flow, a pre-tax net present value of A$1.31 billion and an internal rate of return of 53.1%. Pre-production capital is estimated at A$350 million, including mine development, a new processing plant, supporting infrastructure and contingency. The study estimates an all-in sustaining cost of A$2,995 per ounce and a pa...