G Mining Services and WSP will work with Canadian junior Fuerte Metals Corporation to fully assess the economic feasibility of its proposed Coffee gold project in Yukon, recently acquired from Newmont.
Fuerte said WSP would lead off with a preliminary economic assessment due to be finished in the first quarter next year, with G Mining Services expected to build a full feasibility study on the PEA and deliver it by the end of 2026.
“We are extremely pleased to be working with GMS and WSP as we advance the Coffee gold project towards a construction decision in 2027,” said Fuerta CEO Tim Warman.
“We intend to leverage the extensive drilling, test work and engineering that was carried out by previous project owners as we work to complete the PEA in short order.
“The subsequent FS led by GMS will form the basis for project finance discussions and their scope of work also includes required engineering to support procurement of long-lead and critical path items as well as construction supervision for an extensive program of permitted advanced exploration activities at site, and for the Northern Access Route once permits are in hand.
“Fuerte and GMS have also signed a memorandum of understanding for GMS to lead the eventual mine construction, subject to a positive construction decision and the receipt of the remaining permits.”
Founded in 2006, GMS had been building mines continuously since 2014, president Mathieu Gignac said. Lundin Gold’s Fruta del Norte project in Ecuador and Newmont’s Merian mine in Suriname had been delivered below budget and ahead of schedule, he said.
“Our team has pioneered and fine-tuned the integrated project management approach to deliver responsible projects that create value for shareholders and stakeholders,” Gignac said.
