Twin Hills is an open-pit project with a 13-year mine life and average annual production of 175,000 oz. gold over the first five years.

The FS reinforce a majority of metrics and economic figures presented in the project's 2022 pre-feasibility study.

SQM will pay Novo A$10 million for a 75% interest in five tenements held by Novo.

The expanded reserves will feed higher current production, which was 17,316 oz. in the third quarter.

Gold output in one of Africa’s biggest producers dropped 13% to 58.2 tons in 2022.

Genesis’s resources will increase by about 4% to 15 million oz. upon completion.

Gold blasted higher this week after a major dovish surprise from the Federal Open Market Committee.

Gold enthusiasts on Reddit said the bars were going for slightly more than $2,000 as recently as last week.