Negative
22Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 15 days ago
- Bias Distribution
- 100% Left
Bureau of Land Management Approves 21-Year Spring Valley Gold Mine Nevada
The United States Bureau of Land Management (BLM) approved the Spring Valley Gold Mine Project in Pershing County, Nevada, operated by Solidus Resources, LLC, allowing immediate construction and operation of an open-pit gold mine, waste rock facilities, and a heap leach facility. The project, with a total life of 21 years including construction, mining, ore processing, and reclamation, will employ about 130 workers during construction and 250 full-time employees during operations. Sailfish Royalty Corp. holds up to a 3% net smelter return royalty on the mine, expecting significant cash flow and a material increase from their current base of operations. CEO Paolo Lostritto highlighted that the project will be optimized for the current gold price environment, which is substantially higher than the $1,800/oz used in the 2025 feasibility study, potentially increasing gold production by about 33% more throughput than initially estimated. Several recent benchmark transactions in the royalty space occurred at premiums to their net asset values, underscoring the project's value. The mine is located approximately 20 miles northeast of Lovelock, Nevada, on both public and private lands.

- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 15 days ago
- Bias Distribution
- 100% Left
Negative
22Serious
Neutral
Optimistic
Positive
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