Fury Gold Mines Limited

Description

Fury Gold Mines Limited is a Canadian gold developer advancing the high-grade Eau Claire Gold Deposit in the Eeyou Istchee James Bay region of Quebec, alongside the large-scale Committee Bay greenstone belt project in Nunavut. A September 2025 Preliminary Economic Assessment delivered a base-case after-tax NPV5% of C$554 million and 41% IRR at a conservative US$2,400/oz gold price, on initial capex of just C$217 million and AISC of US$1,140/oz, with alternative toll-milling scenarios showing even stronger returns (up to C$639M NPV and 84% IRR).

The company ramped up 2026 drilling at both Eau Claire and Committee Bay, reporting high-grade infill results at Eau Claire including 14.41 g/t Au over 3.92 metres, and recently consolidated its position in the district by acquiring Newmont's 50% stake in the adjacent Éléonore South project. The PEA base case outlines an 11-year mine life producing 834,000 ounces of gold at an average grade of 4.46 g/t, positioning Eau Claire as a high-grade, low-capex, rapid-payback development opportunity.

List of projects
1. Eau Claire Gold Deposit (including Percival) — 100% interest, Eeyou Istchee James Bay, Quebec, Canada; metals: Gold.
2. Committee Bay Project — 100% interest, Nunavut, Canada; metals: Gold.
3. Éléonore South Project — 100% interest (following 2026 Newmont stake acquisition), Quebec, Canada; metals: Gold.

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List of projects

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