Spanish Mountain Gold pegs B.C. project after-tax NPV at USD 2.16 billion in PEA update

• Spanish Mountain Gold released a 2026 PEA update for its Spanish Mountain Gold Project in British Columbia, targeting a 25.8-year open-pit mine.
• Base-case after-tax NPV at 5%: USD 2.16 billion; after-tax IRR: 35.2%, using USD 3,600/oz gold.
• At USD 4,400/oz gold, after-tax NPV at 5% rises to USD 3.14 billion; after-tax IRR increases to 46.3%.
• Initial capex estimated at USD 1.05 billion; payback period 1.8 years in the base case.
• Life-of-mine payable production estimated at 3.33 million ounces of gold; throughput lifted to 31,000 tpd from 26,000 tpd.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spanish Mountain Gold Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260921080389) on September 21, 2026, and is solely responsible for the information contained therein.