P2 Gold Advances Gabbs Project with Feasibility Study on Track for 2027
Event summary
- P2 Gold's feasibility study for the Gabbs Project is on track for completion in Q1 2027.
- Updated mineral resource estimate expected in Q4 2026, incorporating 96 RC and 39 diamond drill holes.
- Mill facility throughput increased to 12 million tonnes per year, with higher recovery rates for gold and copper.
- Water rights acquisition for 2,500 acre-feet per year pending regulatory approval.
The big picture
P2 Gold's progress on the Gabbs Project reflects a strategic shift towards higher throughput and improved recovery rates, aligning with industry trends towards more efficient mineral processing. The project's success hinges on securing regulatory approvals and managing execution risks, which are critical for the long-term viability of mid-size mining operations in Nevada.
What we're watching
- Production Optimization
- How the increase in mill throughput and higher recovery rates will impact the project's economics.
- Regulatory Approval
- Whether the Nevada Division of Water Rights will approve the change of use for the acquired water rights.
- Execution Risk
- The pace at which P2 Gold can complete the feasibility study and secure necessary permits.
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