Wallbridge Mining Fenelon PEA: Better Luck Next Time

Wallbridge Mining (TSX: WM) has released an updated preliminary economic assessment for their flagship Fenelon Gold project.

The prior update, issued in June 2023, was based on a gold price of $1,750. This latest update bumps that figure up to $2,200, with part of the reason for the revised study being the rising price of gold. 

Funnily enough.. That revised study was conducted at a price nearly $1,000 below the current spot price of the metal. 

But a higher price of gold hasn’t exactly saved the economics of the project here.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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