ESGold Corp. Unveils Improved Economic Outlook for Montauban Project

ESGold Corp announced a significant update to its Preliminary Economic Assessment (PEA) for the Montauban Gold-Silver Project in Quebec. This assessment showcases enhanced economics, featuring an after-tax NPV of C$24.27 million and an IRR of 60.3%. The PEA suggests that ESGold's Montauban project is on a trajectory toward production, with low capital expenditure and high-margin tailings reprocessing. A payback period of less than two years underscores the project's financial viability.

The updated economic study benefits from favorable metal pricing assumptions, providing potential upsides given current market conditions. Furthermore, ESGold leverages over C$20 million in tax-loss carryforwards to enhance early-stage cash flow. Preparations for commissioning are advancing, with ESGold aiming to commence production by year-end.

Exploratory efforts are underway to map deeper mineralized zones using advanced 3D modeling and deep-imaging technologies. These efforts support the potential for discovering new high-grade mineral zones, reinforcing ESGold's long-term strategic development goals. With full permitting secured, the company is positioned to seek favorable funding options for its ambitious plans.