Northwire Canada EditionTuesday, September 29, 2026
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GOLD 4189.80 +0.5% SILVER 61.39 −0.5% COPPER 6.62 −0.1% OIL 91.07 −1.6% PALLADIUM 1237.75 +1.2% SALT 1.50 +2.0% NAU 1.10 −0.9% NTH 0.170 +3.0% KLD 2.15 −1.8% BBB 0.610 +5.2% MD 0.395 +1.3% KRI 0.200 −9.1% ZLTO 0.055 +0.0% LOT 0.030 +0.0% SOI 0.200 −13.0% GIG 0.500 +0.0% BPAG 0.940 +4.4% SCMI 1.36 −3.5% IDEX 0.540 −5.3% SASK 1.06 −0.9% STUD 0.215 +0.0% GOLD 4189.80 +0.5% SILVER 61.39 −0.5% COPPER 6.62 −0.1% OIL 91.07 −1.6% PALLADIUM 1237.75 +1.2% SALT 1.50 +2.0% NAU 1.10 −0.9% NTH 0.170 +3.0% KLD 2.15 −1.8% BBB 0.610 +5.2% MD 0.395 +1.3% KRI 0.200 −9.1% ZLTO 0.055 +0.0% LOT 0.030 +0.0% SOI 0.200 −13.0% GIG 0.500 +0.0% BPAG 0.940 +4.4% SCMI 1.36 −3.5% IDEX 0.540 −5.3% SASK 1.06 −0.9% STUD 0.215 +0.0%
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KPMG Study Finds Falco's Horne 5 Project Is Projected to Contribute $8.8 Billion to Quebec GDP

KPMG study underscores Horne 5's massive economic footprint, but permitting and capital gaps remain.

By The Northwire Desk — AI Analysis Sep 29, 2026 · 07:00 FPC · 0.54 Falco Resources Ltd.
Executive Summary

KPMG LLP conducted a third-party Socioeconomic Impact Study for the Horne 5 Project, which is based on the updated feasibility study filed on July 27, 2026. The project is projected to contribute $8.8 billion to Quebec GDP over its lifespan and generate over 22,800 direct and indirect jobs in person-years. Approximately $5.1 billion in municipal, provincial, and federal tax revenues are expected, with 82% of value added accruing to the Abitibi-Témiscamingue region. Total project expenditures are estimated at $12.1 billion over 15 years.

Material Impact

Falco Resources Ltd. (FPC) released a routine follow-up to its June 2026 feasibility study, validating the project's economic case without introducing new metrics, cost changes, or permitting milestones. The market likely anticipated this socio-economic validation given the project's scale and government support. There is no material change to the investment thesis, and execution risks remain unchanged.

FPC · Price
Company Overview

Falco Resources Ltd. is advancing the Horne 5 Project, a polymetallic deposit containing gold, copper, zinc, and silver located beneath the former Horne mine in Rouyn-Noranda, Quebec. The project is projected to have a 15-year life of mine, targeting average annual gold production of 220,300 payable ounces.

Financial modeling at a base-case gold price of US$3,600/oz indicates an after-tax NPV5% of $3.35 billion and an internal rate of return (IRR) of 28.2%. The project anticipates an all-in sustaining cost (AISC) of US$782/oz, with total life-of-mine after-tax cash flow of $6.4 billion. Pre-production capital expenditures (CAPEX) are estimated at $1.75 billion.

Read the original news release →

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Sep 22, 2026 · 07:30

Falco advances permitting and strengthens community ties while facing a wide capital gap for its projects.

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Falco’s updated feasibility study confirms a $3.35 billion net present value for its project, highlighting significant scale despite ongoing permitting challenges.

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Falco exercises warrants early, but the $1.25m raise barely scratches the Horne 5 project’s $2.88b capital expenditure gap.

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Falco’s Horne 5 project boasts a $3.35bn NPV, requiring $1.75bn in funding to proceed with construction.

Technical Study Jun 16, 2026 · 16:35

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