Horizon Gold is developing its 100%-owned Gum Creek Gold Project in Western Australia, a former producing camp that has yielded more than 1 million ounces and retains infrastructure such as an airstrip, accommodation, haul roads and a large tailings storage facility. The July 2026 definitive feasibility study outlines a 10-year open-pit operation producing about 880,000 ounces of gold, averaging 98,000 ounces a year over the first 5 years, with a new 2.4-million-tonne-per-annum processing plant planned at the historical Gidgee mill site. Pre-production capital is estimated at around A$350 million, with a targeted final investment decision in the second quarter of 2027 and first gold production in the second half of 2028. The project hosts a resource of 2.30 million ounces (37.97 million tonnes at 1.89 g/t gold) and sits about 115 kilometres southeast of Meekatharra in a region with several established gold operations.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 11/04/2026 | 4,060.57 |
| Change that session | +3.32% |
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