Video News/Precious Metals Summit Beaver Creek 2026

Newcore Gold President and CEO Luke Alexander says the market is not fully reflecting the economics outlined in the pre-feasibility study for the company’s Enchi Gold Project in Ghana. Speaking with Kitco Mining at the 2026 Precious Metals Summit in Beaver Creek, Alexander said the PFS outlined a $647 million after-tax NPV at a $4,200 gold price, while Newcore was trading at a market capitalization of about $80 million. “We think there’s a fundamental disconnect between where our market cap is today relative to the project value that we outlined within that PFS,” he said. Alexander also discussed the move from heap leach to a CIL operation, Ghana’s mining and royalty changes, and Enchi’s sensitivity to higher gold prices. He outlined the path toward a feasibility study and mining lease, along with roughly 33,000 meters of drill results still to come from Newcore’s 80,000-meter program as the company targets resource growth, higher-grade material and future mine-plan optimization.