Gold Mining Projects Ranked by NPV
After-tax NPV, IRR, initial capex, mine life and AISC for 126 gold projects across 78 companies, extracted from technical reports and ranked. Sort any column to compare gold developers and producers.
| # | Project / Company | Study | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Oko West G2 Goldfields Inc. (GTWO.TO) | Gold | Feasibility Apr 2025 | $5.18B | — | $972M | 12 yrs | 1,123 USD/oz |
| 2 | Oko-Ghanie G2 Goldfields Inc. (GTWO.TO) | Gold | PEA | $4.14B | — | $664M | 14 yrs | 1,191 USD/oz |
| 3 | Valley (Rogue Project) Snowline Gold Corp. (SGD.TO) | Gold | PEA Aug 2025 | C$3.37B | 25% | C$1.70B | 20 yrs | 844 USD/oz |
| 4 | Rogue Project Snowline Gold Corp. (SGD.TO) | Gold | PEA Aug 2025 | C$3.37B | 25% | C$1.69B | 20 yrs | 844 USD/oz |
| 5 | Valentine Gold Mine Equinox Gold Corp. (EQX.TO) | Gold | Feasibility Mar 2026 | $3.11B | — | $507M | — | — |
| 6 | Converse Project Roxmore Resources Ltd. (RM.TO) | Gold | PEA May 2026 | $2.75B | 42.8% | $829M | 14.5 yrs | 1,769 USD/oz Au |
| 7 | Soto Norte Aris Mining Corporation (ARIS.TO) | Gold | Pre-Feasibility Sep 2025 | $2.68B | 35.4% | $625M | 22 yrs | 534 USD/oz |
| 8 | Oko Gold Project G2 Goldfields Inc. (GTWO.TO) | Gold | PEA Dec 2025 | $2.56B | 39% | $664M | 14 yrs | 1,191 USD/oz |
| 9 | Čoka Rakita (at $3,500/oz Au sensitivity) DPM Metals Corp. (DPM.TO) | Gold | Feasibility Jan 2026 | $2.21B | 67.8% | $448M | 10 yrs | — |
| 10 | Coffee Gold Project Fuerte Metals Corp. (FMT.V) | Gold | PEA Mar 2026 | $2.20B | 43.5% | — | 13 yrs | 1,386 USD/oz |
| 11 | Springpole First Mining Gold Corp. (FF.TO) | Gold | Pre-Feasibility Dec 2025 | $2.10B | 40.8% | $1.10B | 9.4 yrs | 938 USD/oz |
| 12 | Toroparu Aris Mining Corporation (ARIS.TO) | Gold | PEA Oct 2025 | $1.80B | 25.2% | $820M | 21.3 yrs | 1,300 USD/oz |
| 13 | Ikkari (Rupert Resources) Aurion Resources Ltd. (AU.V) | Gold | Pre-Feasibility Feb 2025 | $1.68B | 38% | $575M | — | — |
| 14 | Hod Maden SSR Mining Inc. (SSRM) | Gold | Feasibility Jan 2026 | $1.66B | 39% | $910M | 10 yrs | 590 USD/oz Au (by-product AISC) |
| 15 | Bankan Gold Project Robex Resources Inc. (RBX.V) | Gold | Feasibility Jun 2025 | $1.64B | 46% | $463M | 12.2 yrs | 1,057 USD/oz |
| 16 | Volcan Gold Project Tiernan Gold Corp. (TNGD.V) | Gold | PEA Dec 2025 | $1.51B | 29% | $1.02B | — | 1,094 USD/oz |
| 17 | Higginsville Expansion (HXP) Westgold Resources Limited (WGX.TO) | Gold | Feasibility | A$1.40B | 43% | A$145M | — | — |
| 18 | Higginsville Hub Expansion (HXP) Westgold Resources Limited (WGX.TO) | Gold | Pre-Feasibility Mar 2026 | A$1.40B | 43% | A$145M | — | — |
| 19 | Goldfields - Upper Case Fortune Bay Corp. (FOR.V) | Gold | PEA Oct 2025 | C$1.25B | 74% | — | — | — |
| 20 | Porcupine Complex Discovery Silver Corp. (DSV.TO) | Gold | PEA Jan 2025 | $1.20B | — | — | 22 yrs | 1,504 USD/oz |
| 21 | Perron Gold Project Amex Exploration Inc. (AMX.V) | Gold | Feasibility Apr 2026 | C$1.13B | 114.6% | C$194M | 5 yrs | 910 USD/oz |
| 22 | Koné Gold Project Montage Gold Corp. (MAU.TO) | Gold | Feasibility Feb 2024 | $1.09B | 31% | $712M | 16 yrs | 998 USD/oz |
| 23 | Mt Todd Gold Project Vista Gold Corp. (VGZ) | Gold | Feasibility Jul 2025 | $1.06B | 27.8% | $425M | 30 yrs | 1,449 USD/oz |
| 24 | Ana Paula Project Heliostar Metals Ltd. (HSTR.V) | Gold | PEA Nov 2025 | $1.01B | 51.3% | $300M | 9 yrs | 1,011 USD/oz |
| 25 | Cariboo Gold Project Osisko Development Corp. (ODV.V) | Gold | Feasibility Apr 2025 | C$943M | 22.1% | C$881M | 10 yrs | 1,157 USD/oz |
| 26 | Gramalote Project B2Gold Corp. (BTO.TO) | Gold | Feasibility Jul 2025 | $941M | 22.4% | $740M | 13 yrs | 985 USD/oz |
| 27 | Goldfields - Intermediate Case Fortune Bay Corp. (FOR.V) | Gold | PEA Oct 2025 | C$916M | 59% | — | — | — |
| 28 | CC&V SSR Mining Inc. (SSRM) | Gold | Feasibility Nov 2025 | $824M | — | — | 12 yrs | 2,135 USD/oz |
| 29 | Čoka Rakita (Feasibility Study) DPM Metals Corp. (DPM.TO) | Gold | Feasibility Jan 2026 | $782M | 36% | $448M | 10 yrs | 644 USD/oz payable gold |
| 30 | Čoka Rakita DPM Metals Corp. (DPM.TO) | Gold | Feasibility Jan 2026 | $782M | 36% | $448M | 10 yrs | 644 USD/oz |
| 31 | DeLamar Project Integra Resources Corp. (ITR.V) | Gold | Feasibility Dec 2025 | $774M | 46% | $389M | 10 yrs | 1,480 USD/oz AuEq |
| 32 | Koné Gold Project (KGP) Montage Gold Corp. (MAU.TO) | Gold | Feasibility Feb 2022 | $746M | 34.8% | $544M | — | 933 USD/oz |
| 33 | Mercur Gold Project Revival Gold Inc. (RVG.V) | Gold | PEA May 2025 | $741M | 56% | $208M | 10 yrs | 1,385 USD/oz |
| 34 | New Amalga Gold Project Grande Portage Resources Ltd. (GPG.V) | Gold | PEA Feb 2026 | $721M | 56% | $255M | 7 yrs | 1,408 USD/oz Au payable |
| 35 | Gold Rock Project Minera Alamos Inc. (MAI.V) | Gold | PEA 2021 | $721M | — | $64M | 6.5 yrs | 1,008 USD/oz |
| 36 | Fenelon Gold Project Wallbridge Mining Company Limited (WM.TO) | Gold | PEA Mar 2025 | C$706M | 21% | C$579M | 16 yrs | 1,046 USD/oz |
| 37 | Volta Grande Belo Sun Mining Corp. (BSX.TO) | Gold | Feasibility May 2015 | $665M | 26% | $298M | 17.2 yrs | 779 USD/oz |
| 38 | Bomboré Phase II Expansion Orezone Gold Corporation (ORE.TO) | Gold | Feasibility Nov 2023 | $636M | — | $168M | — | — |
| 39 | Douta Gold Project Thor Explorations Ltd. (THX.V) | Gold | Pre-Feasibility Jan 2026 | $633M | 61% | $254M | 12.6 yrs | 1,890 USD/oz |
| 40 | Waihi North Project (Wharekirauponga) OceanaGold Corporation (OGC.TO) | Gold | Pre-Feasibility Dec 2024 | $621M | 24% | — | — | — |
| 41 | Waihi District - Alternative Case OceanaGold Corporation (OGC.TO) | Gold | Pre-Feasibility Dec 2024 | $621M | 24% | — | — | — |
| 42 | Johnson Tract Project Dolly Varden Silver Corp. (DV.V) | Gold | PEA May 2025 | $615M | 60% | $214M | 7 yrs | 860 USD/oz Au Eq |
| 43 | Mineral Point Open Pit i-80 Gold Corp. (IAU.TO) | Gold | PEA Mar 2025 | $614M | 12% | — | 17 yrs | 1,400 USD/oz |
| 44 | Goldfields Fortune Bay Corp. (FOR.V) | Gold | PEA Oct 2025 | C$610M | 44% | C$301M | 14 yrs | 1,330 USD/oz |
| 45 | Castelo de Sonhos TriStar Gold Inc. (TSG.V) | Gold | Pre-Feasibility May 2025 | $603M | 40% | $296M | 11 yrs | 1,111 USD/oz |
| 46 | Duparquet First Mining Gold Corp. (FF.TO) | Gold | PEA Oct 2023 | C$588M | 18% | C$706M | 11 yrs | 976 USD/oz |
| 47 | Eau Claire Fury Gold Mines Limited (FURY.TO) | Gold | PEA Sep 2025 | C$554M | 41% | C$217M | 11 yrs | 1,140 USD/oz |
| 48 | O'Brien Gold Project Globex Mining Enterprises Inc. (GMX.TO) | Gold | PEA Aug 2025 | C$532M | 47.6% | C$175M | 11 yrs | 1,058.5 USD/oz |
| 49 | Wawa Gold Project RPX Gold Corp. (RPX.V) | Gold | PEA Feb 2026 | C$523M | 99.7% | C$51M | — | 2,149 USD/oz |
| 50 | Courageous Lake Seabridge Gold Inc. (SEA.TO) | Gold | Pre-Feasibility 2024 | $523M | 20.6% | $747M | 12.6 yrs | 999 USD/oz Au |
| 51 | Condor Gold Project Silvercorp Metals Inc. (SVM.TO) | Gold | PEA Jan 2026 | $522M | 29% | $292M | 13 yrs | 1,359 USD/EqOz-Payable |
| 52 | Kandiolé Gold Project Roscan Gold Corporation (ROS.V) | Gold | PEA Feb 2026 | $498M | 43% | $219M | 13 yrs | 1,568 USD/oz |
| 53 | Beartrack-Arnett Gold Project Revival Gold Inc. (RVG.V) | Gold | Pre-Feasibility Aug 2023 | $484M | 80% | $109M | 8 yrs | 1,248 USD/oz |
| 54 | Fondaway Canyon Getchell Gold Corp. (GTCH.CN) | Gold | PEA Jan 2025 | $474M | 46.7% | $227M | 10.5 yrs | — |
| 55 | Porvenir Mineros S.A. (MSA.TO) | Gold | Pre-Feasibility Mar 2026 | $460M | 37.9% | $207M | 10 yrs | 1,295 USD/oz AuEq |
| 56 | Shovelnose Westhaven Gold Corp. (WHN.V) | Gold | PEA Apr 2025 | C$454M | 43.2% | C$184M | 11.1 yrs | 836 USD/oz AuEq |
| 57 | Buckreef Gold Project TRX Gold Corporation (TRX.TO) | Gold | PEA May 2025 | $442M | — | $89M | 17.6 yrs | 1,206 USD/oz |
| 58 | Granite Creek Open Pit i-80 Gold Corp. (IAU.TO) | Gold | PEA Mar 2025 | $421M | 30% | — | 10 yrs | 1,225 USD/oz |
| 59 | True North Gold Project 1911 Gold Corporation (AUMB.V) | Gold | PEA Feb 2026 | C$391M | 105% | C$59M | 11 yrs | 1,897 USD/oz |
| 60 | Cadillac Project (PEA reference on timeline) Cartier Resources Inc. (ECR.V) | Gold | PEA undefined 2022 | C$388M | 21% | — | — | — |
| 61 | Scottie Gold Mine - Toll Milling Scenario Scottie Resources Corp. (SCOT.V) | Gold | PEA Oct 2025 | C$380M | 89.9% | — | — | — |
| 62 | Grassy Mountain Project Paramount Gold and Silver Corp. (PZG) | Gold | Feasibility May 2026 | $375M | 38.9% | $190M | 9.3 yrs | 1,442 USD/oz |
| 63 | Copperstone Project Minera Alamos Inc. (MAI.V) | Gold | Pre-Feasibility May 2026 | $374M | 108% | $58M | 6.3 yrs | 1,314 USD/oz |
| 64 | Asanko Gold Mine Galiano Gold Inc. (GAU.TO) | Gold | Feasibility Mar 2023 | $343M | — | $58M | 8.5 yrs | 1,143 USD/oz |
| 65 | Goliath Gold Complex NexGold Mining Corp. (NEXG.V) | Gold | Pre-Feasibility Feb 2023 | C$336M | 25.4% | C$335M | 13 yrs | 1,037 USD/oz |
| 66 | Galaxy Gold Mine Golconda Gold Ltd. (GG.V) | Gold | PEA Feb 2026 | $336M | — | — | 20 yrs | — |
| 67 | Goldboro Gold Project NexGold Mining Corp. (NEXG.V) | Gold | Feasibility Jan 2022 | C$328M | 25.5% | C$271M | 10.9 yrs | 849 USD/oz |
| 68 | Madsen Star Royalties Ltd. (STRR.V) | Gold | Pre-Feasibility 2025 | C$315M | 255% | C$44M | 6 yrs | 1,681 USD/oz |
| 69 | Eagle Mountain Project Mako Mining Corp. (MKO.V) | Gold | PEA Jan 2024 | $292M | 57% | — | 15 yrs | 829 USD/oz |
| 70 | Cove Underground i-80 Gold Corp. (IAU.TO) | Gold | PEA Mar 2025 | $271M | 30% | — | — | — |
| 71 | Mexican Hat Gold Project GMV Minerals Inc. (GMV.V) | Gold | PEA Sep 2025 | $268M | 50.2% | $90M | 10 yrs | — |
| 72 | La Colorada Mine Heliostar Metals Ltd. (HSTR.V) | Gold | Feasibility Oct 2025 | $243M | 168.4% | $45M | 6 yrs | 1,626 USD/GEO |
| 73 | Altan Tsagaan Ovoo Project (ATO) Steppe Gold Ltd. (STGO.TO) | Gold | Feasibility Aug 2022 | $242M | — | $129M | 14 yrs | — |
| 74 | Copperstone Star Royalties Ltd. (STRR.V) | Gold | PEA 2025 | $227M | 170.9% | $36M | 6 yrs | 1,259 USD/oz |
| 75 | Scottie Gold Mine - DSO (Blueberry + Scottie Mine) Scottie Resources Corp. (SCOT.V) | Gold | PEA Oct 2025 | C$216M | 60.3% | C$129M | 7 yrs | — |
| 76 | Scottie Gold Mine (Blueberry Contact Zone & Scottie Mine) Scottie Resources Corp. (SCOT.V) | Gold | PEA Oct 2025 | C$216M | 60.3% | C$129M | 7 yrs | — |
| 77 | Back Forty Gold Resource Corporation (GORO) | Gold | PEA Oct 2023 | $214M | 25.7% | $325M | 9 yrs | 920 USD/oz |
| 78 | Doby George Western Exploration Inc. (WEX.V) | Gold | PEA May 2025 | $211M | 62.2% | $115M | 5 yrs | 1,197 USD/oz |
| 79 | Zancudo Star Royalties Ltd. (STRR.V) | Gold | PEA Dec 2025 | $206M | 287% | $15M | 10.3 yrs | 1,059 USD/oz |
| 80 | Sandman Borealis Mining Company Ltd. (BOGO.V) | Gold | PEA 2026 | $203M | 104.9% | $36M | 9 yrs | 1,823 USD/oz |
| 81 | Nyanzaga Gold Project Perseus Mining Limited (PRU.TO) | Gold | Feasibility Feb 2026 | $202M | 19% | $523M | 16 yrs | 1,621 USD/oz |
| 82 | Summit Mine Golconda Gold Ltd. (GG.V) | Gold | PEA Feb 2026 | $182M | — | — | 7 yrs | — |
| 83 | Bayan Khundii Gold Project (BK & Dark Horse Mane) Erdene Resource Development Corp. (ERD.TO) | Gold | Feasibility Aug 2023 | $170M | 35.3% | $100M | 8.5 yrs | — |
| 84 | Bayan Khundii Gold Project (BK Gold Deposit & Dark Horse Mane Gold Deposit) Erdene Resource Development Corp. (ERD.TO) | Gold | Feasibility Aug 2023 | $170M | 35.3% | $100M | 6.5 yrs | — |
| 85 | Granite Creek Underground i-80 Gold Corp. (IAU.TO) | Gold | PEA Mar 2025 | $155M | 84% | — | 8 yrs | 1,597 USD/oz |
| 86 | Boroo Steppe Gold Ltd. (STGO.TO) | Gold | Feasibility Feb 2024 | $152M | — | — | 8 yrs | — |
| 87 | Cerro de Oro Minera Alamos Inc. (MAI.V) | Gold | PEA Jan 2023 | $151M | 111% | $28M | 8.2 yrs | 873 USD/oz |
| 88 | Waihi District OceanaGold Corporation (OGC.TO) | Gold | Pre-Feasibility Dec 2024 | $138M | 9.2% | $556M | 15 yrs | 994 USD/oz |
| 89 | Antelope Deposit B2Gold Corp. (BTO.TO) | Gold | PEA Feb 2025 | $131M | 35% | $129M | 5 yrs | 1,095 USD/oz |
| 90 | Otjikoto Mine - Antelope Deposit B2Gold Corp. (BTO.TO) | Gold | PEA Feb 2025 | $131M | 35% | $129M | 5 yrs | 1,095 USD/oz |
| 91 | Archimedes Underground i-80 Gold Corp. (IAU.TO) | Gold | PEA Mar 2025 | $127M | 23% | $49M | 10 yrs | 1,893 USD/oz |
| 92 | Rozino Velocity Minerals Ltd. (VLC.V) | Gold | Pre-Feasibility Dec 2021 | $123M | 27.4% | $87M | 7 yrs | 755 USD/oz |
| 93 | Minera Don Nicolas Cerrado Gold Inc. (CERT.V) | Gold | PEA Sep 2024 | $111M | — | $0M | 5 yrs | 1,146 USD/oz |
| 94 | Beartrack-Arnett Heap Leach Project Revival Gold Inc. (RVG.V) | Gold | Pre-Feasibility Jun 2023 | $105M | 24.3% | $109M | 8.1 yrs | 1,235 USD/oz |
| 95 | Soledad Mountain Andean Precious Metals Corp. (APM.TO) | Gold | Feasibility Jan 2024 | $102M | — | — | 5 yrs | — |
| 96 | San José de Gracia Gold Project DynaResource Inc. (DYNR) | Gold | Feasibility Mar 2025 | $84M | — | — | — | 1,720 USD/oz AuEq |
| 97 | San Jose de Gracia Mine DynaResource Inc. (DYNR) | Gold | Feasibility Mar 2025 | $84M | — | — | 7 yrs | 1,720 USD/oz Au Eq |
| 98 | Cuiú Cuiú Gold District Cabral Gold Inc. (CBR.V) | Gold | Pre-Feasibility Jul 2025 | $74M | 78% | $38M | 6.2 yrs | 1,210 USD/oz |
| 99 | Cuiú Cuiú Gold Project Cabral Gold Inc. (CBR.V) | Gold | Pre-Feasibility Jul 2025 | $74M | 77.8% | $38M | 6.2 yrs | 1,209.9 USD/oz Au |
| 100 | La Fortuna Minera Alamos Inc. (MAI.V) | Gold | PEA Jul 2018 | $70M | 93% | $27M | 5 yrs | 440 USD/oz |
| 101 | El Bagre Gold Mining Complex (Cordero Mine) Soma Gold Corp. (SOMA.V) | Gold | PEA Jan 2023 | C$56M | — | — | 3.2 yrs | 1,418 C$/oz |
| 102 | Sissingué Gold Project Perseus Mining Limited (PRU.TO) | Gold | Feasibility May 2015 | $53M | 27% | $106M | 5.3 yrs | 632 USD/oz |
| 103 | PL Gold Mine Minnova Corp. (MCI.V) | Gold | Feasibility 2018 | C$37M | 53% | C$35M | 5 yrs | — |
| 104 | PL Gold Mine (PL Mine) Minnova Corp. (MCI.V) | Gold | Feasibility 2017 | $37M | 53% | — | 5 yrs | — |
| 105 | San Agustin Mine Heliostar Metals Ltd. (HSTR.V) | Gold | Feasibility Nov 2024 | $35M | 548% | $40M | 1.2 yrs | 1,990 USD/GEO |
| 106 | Sierra Antapite Mine Empress Royalty Corp. (EMPR.V) | Gold | — | $28M | — | $10M | — | — |
| 107 | SMSZ Project Desert Gold Ventures Inc. (DAU.V) | Gold | PEA Aug 2025 | $24M | 34% | $4M | — | 1,352 USD/oz |
| 108 | Galaxy Mine Empress Royalty Corp. (EMPR.V) | Gold | — | $16M | — | $5M | — | — |
| 109 | Terakimti Oxide Deposit, Harvest Project East Africa Metals Inc. (EAM.V) | Gold | PEA Oct 2015 | $13M | 30.1% | $17M | 4 yrs | — |
| 110 | Da Tambuk East Africa Metals Inc. (EAM.V) | Gold | PEA Apr 2018 | $13M | 28.6% | $34M | — | — |
| 111 | Manica Mine Empress Royalty Corp. (EMPR.V) | Gold | — | $8M | — | $3M | — | — |
| 112 | Mon Gold Mine Sixty North Gold Mining Ltd. (SXTY.CN) | Gold | — Feb 2025 | — | — | C$4M | — | — |
| 113 | Vila Nova Tailings Operation JZR Gold Inc. (JZR.V) | Gold | PEA | — | — | $7M | — | — |
| 114 | Senegal Pilot Plant Dynacor Group Inc. (DNG.TO) | Gold | — | — | — | $25M | — | — |
| 115 | San Antonio Project Heliostar Metals Ltd. (HSTR.V) | Gold | PEA Nov 2024 | — | — | $131M | 14 yrs | 1,063 USD/oz |
| 116 | Ikkari Rupert Resources Ltd. (RUP.TO) | Gold | Pre-Feasibility Feb 2025 | — | — | $575M | 20 yrs | 918 USD/oz |
| 117 | Bomboré (Existing Phase I) Orezone Gold Corporation (ORE.TO) | Gold | Production Nov 2023 | — | — | $169M | — | — |
| 118 | Livengood Gold Project International Tower Hill Mines Ltd. (ITH.TO) | Gold | Pre-Feasibility 2023 | — | — | $1.93B | 21 yrs | 1,171 USD/oz |
| 119 | Imwelo Development Project Lake Victoria Gold Ltd. (LVG.V) | Gold | Pre-Feasibility | — | — | $15M | — | 1,500 USD/oz |
| 120 | Spanish Mountain Gold Project Spanish Mountain Gold Ltd. (SPA.V) | Gold | PEA Jul 2025 | — | — | $926M | 24.5 yrs | — |
| 121 | Fenix Project - Phase 1 (Gold) McEwen Mining Inc. (MUX.TO) | Gold | Feasibility Feb 2021 | — | — | $42M | 6 yrs | 1,045 USD/oz Au |
| 122 | Consolidated (Mineros S.A.) Mineros S.A. (MSA.TO) | Gold | Production 2026 | — | — | $114M | — | 2,420 USD/oz Au |
| 123 | Bayan Khundii Gold Mine Erdene Resource Development Corp. (ERD.TO) | Gold | Feasibility 2023 | — | — | $120M | 6 yrs | 1,250 USD/oz |
| 124 | Oko West G Mining Ventures Corp. (GMIN.TO) | Gold | Feasibility Apr 2025 | — | — | $973M | — | — |
| 125 | Greenstone Mine Equinox Gold Corp. (EQX.TO) | Gold | Feasibility Mar 2026 | — | — | $80M | 14 yrs | — |
| 126 | Edikan Gold Mine (Esuajah South) Perseus Mining Limited (PRU.TO) | Gold | Feasibility Jan 2021 | — | — | $38M | — | — |
Figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found — they may contain errors. Always verify against the original source document before making any investment decision. Back to all project economics.