Thesis Gold (TSXV: TAU; OTCQX: THSGF) President and CEO Ewan Webster joins Kitco Mining’s Investment Trends with Paul Harris to discuss advancing the Lawyers-Ranch gold-silver project in British Columbia’s Toodoggone District following a pre-feasibility study released in December. Webster said, “We really wanted to let the project speak for itself, and I think it very much did that.”
The PFS outlines a 15-year mine averaging about 187,000 oz of gold equivalent per year at an all-in sustaining cost of roughly $1,185 per oz, based on conservative metal prices. Webster explains how grade, mine sequencing, and a brownfield development profile drive the project’s economics and leverage to today’s gold and silver market.
Webster also outlines the path toward feasibility in the second half of 2027 and a potential construction decision in late 2028, noting that permitting began in December and is budgeted at roughly three years. On the broader opportunity, he said the Toodoggone is “the most exciting exploration district in Canada, if not North America at the moment.”
The discussion also touches on Centerra Gold’s 9.9% strategic equity stake and First Nations participation as equity investors as Thesis Gold continues to de-risk toward development.
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00:27 – Thesis Gold Overview and B.C. Gold Project Introduction
00:54 – Lawyers-Ranch Project History and District Context
02:12 – Pre-Feasibility Study Results and Key Takeaways
04:45 – Project Economics, Grades, and Gold Price Leverage
07:17 – Exploration Upside and Feasibility Study Roadmap
08:53 – Strategic Partnerships and Toodoggone District Development
15:32 – Financing Position, Cash Balance, and Market Re-Rating
16:48 – Gold Sector M&A, Strategic Interest, and Data Room Access
18:16 – Key Catalysts and Outlook for 2026
21:10 – First Nations Equity Partnership and Closing Remarks
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Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.
