Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Indicated resources increased to 11.3 million tonnes from 6.9 Mt.
The cautious outlook comes as global exploration budgets for nonferrous metals declined by 3% in 2024 to $12.5 billion from $12.9 billion last year, with juniors bearing the brunt of the cuts.
The company is advancing two of the largest gold projects in Canada: the Springpole project in Ontario and the Duparquet project in Quebec.
