PodcastMining Stock DailyOctober 20, 2026

Fortune Bay Eyes a Faster, Lower Cost Start at Goldfields

Fortune Bay is weighing a lower-capex concentrate plant that could use existing permits to fast-track Goldfields into production.

Two development paths: Ausenco's new scoping study compares a lower-capex gold concentrate route against the 2025 PEA's 4,950 tpd doré plant ($301M C initial capex, $610M after-tax NPV at $2,600 gold).
Trade-off quantified qualitatively: Concentrate route sacrifices a few percentage points of gold recovery (roughly half recovered via gravity circuit) but cuts upfront capital and plant complexity significantly; exact Ausenco capex/opex figures weren't disclosed since it's a scoping study, not a 43-101 PEA.

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