Fury Resumes Activities at Eau Claire

Fury Gold Mines Limited (FURY) announced the resumption of exploration and drilling activities at its Eau Claire project in Northern Quebec. The previous suspension was precautionary, triggered by a nearby wildfire initially reported on July 15, 2026. All personnel were safely evacuated and have since returned to site. The company confirmed that the temporary suspension caused no material impact on the previously disclosed Phase 2 drill program. Management emphasized that safety remains the top priority and that operations will continue under safe conditions.

Fury Gold Mines Limited (FURY) issued a standard operational update confirming the resumption of normal activities following a temporary disruption caused by external factors. The company reported that the Phase 2 drill program remains on track, a development that aligns with prior expectations. The update did not introduce new geological data, financial changes, or shifts in the development timeline.

Fury Gold Mines Limited (FURY) is a Canadian-focused exploration company advancing four primary projects in Quebec and Nunavut. Its flagship Eau Claire project in Quebec has completed a Preliminary Economic Assessment (PEA) showing a base-case after-tax net present value (NPV) of $554 million and an internal rate of return (IRR) of 41% at a gold price of $2,400/oz.

The PEA outlines an 11-year mine life producing approximately 834,000 ounces with an all-in sustaining cost (AISC) of $1,140/oz and initial capital expenditures (capex) of $217 million. Other assets include the Sakami project, which holds an 825,000 oz inferred resource, and the Committee Bay project with 1.24 million oz indicated and inferred resources. The Percival deposit is integrated into the Eau Claire project.

The company is currently advancing Eau Claire through Phase 2 drilling, targeting 15,000–25,000 meters, alongside environmental baseline studies.