Fury Gold Mines (US:FURY) Globenewswire·2026-01-08 11:59Core Viewpoint - Fury Gold Mines Limited has made significant progress in 2025, including exploration drilling across multiple gold properties, portfolio expansion through the acquisition of Quebec Precious Metals, and advancements in the Eau Claire gold project with a preliminary economic assessment [1][3][5]. Group 1: 2025 Achievements - The company drilled over 18,000 meters across its portfolio in 2025, with approximately 15,200 meters completed in Quebec [3]. - The Eau Claire gold deposit demonstrated a base-case after-tax NPV5% of C$554 million and an after-tax IRR of 41% at a gold price of $2,400 per ounce, with a total gold recovery of 834,000 ounces over an 11-year mine life [7]. - An initial mineral resource estimate for the Sakami gold project was published, reporting 23.9 million tonnes grading 1.07 grams per tonne gold for 825,000 ounces [7]. Group 2: Funding and Capital Markets - The company closed a C$18 million brokered flow-through financing to support exploration and development at Committee Bay and Eau Claire [8]. - An additional equity investment of C$4.3 million was secured from Agnico Eagle Mines Limited [8]. Group 3: 2026 Outlook - Fury commenced a winter drilling program at Eau Claire, announcing a 10,000-meter program aimed at expanding mineral resources and connecting current resources to future development scenarios [6][9]. - Approximately 6,600 meters have been drilled to date, with plans to complete between 12,000 and 13,000 meters by the end of February [9]. - Exploration planning for the Committee Bay gold project includes a potential 5,000-meter drill program to test high-grade mineralization [10].