GoldMining PEA outlines $532M value, 10-year life for São Jorge project

GoldMining’s São Jorge project in Brazil received a favorable preliminary economic assessment that could support the gold sector by reinforcing the profitability of development-stage projects in a high-price environment. The study estimates a post-tax NPV of $532 million, an after-tax IRR of 42.4%, and initial capex of $202.2 million, with projected annual output of 51,250 ounces of gold over a 10.6-year mine life. The economics are based on a $3,500/oz gold price and an all-in sustaining cost of $1,164/oz, highlighting leverage to elevated gold prices. GoldMining shares rose 1% on the news, while the broader market backdrop showed gold futures near $4,713/oz, underscoring strong momentum in precious metals. The article is fundamentally supportive for GoldMining and constructive for gold sentiment more broadly, as it suggests smaller projects can become more viable when gold prices stay elevated.