TriStar Gold publishes Q1 MD&A for period ended March 31, 2026

  • TriStar Gold published its MD&A for the first fiscal quarter ended March 31, 2026, centered on advancing the Castelo de Sonhos project in Brazil.
  • 2026 priorities: defend the project’s preliminary license, clear remaining license conditions, start studies supporting the installation license application.
  • Updated pre-feasibility study economics: initial capital US$ 296 million; after-tax NPV (5%) US$ 603 million; after-tax IRR 40% at US$ 2,200/oz.
  • Cost outlook in the updated study: all-in sustaining costs projected at US$ 1,111/oz; base case assumes US$1:BRL 5.75.
  • Development concept unchanged: open-pit mine; 10,000 tpd plant; whole-ore leaching flowsheet; expected metallurgical recovery 98%.


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