Northwire Canada EditionSunday, November 1, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Technical Study Routine +

Falco Files Updated Feasibility Study for Its Horne 5 Project

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

By The Northwire Desk — AI Analysis Jul 27, 2026 · 08:00 FPC · 0.46 Falco Resources Ltd.
Executive Summary

Falco Resources Ltd. filed the updated NI 43-101 Feasibility Study for the Horne 5 Project on July 27, 2026, with an effective date of June 11, 2026. Key economic highlights were previously disclosed on June 17, 2026, including a $3.35B after-tax NPV5% and 28.2% IRR at a base-case gold price of $3,600/oz. The full report is now available on SEDAR+.

Material Impact

Falco Resources Ltd. (FPC) filed a procedural follow-up to its June 17 economic update, introducing no new financial metrics, cost assumptions, or project changes. The market had already priced in the $3.35B NPV and 28.2% IRR upon the June announcement. The filing completes a regulatory requirement but lacks incremental catalyst value to drive immediate price appreciation.

FPC · Price
Company Overview

Falco Resources Ltd. (FPC) holds approximately 60,000 hectares in the Noranda Camp, Quebec. The company’s Horne 5 project is a polymetallic deposit containing gold, copper, zinc, and silver located beneath the former Noranda mine.

The project features a 15-year life of mine, with an annual production of 220,300 ounces of gold and an all-in sustaining cost (AISC) of $782 per ounce. Capital expenditure is estimated at $2.88 billion.

Financial arrangements include a silver stream with OR Royalties valued at $180 million and a 2% net smelter return (NSR) granted to a subsidiary of Royal Gold. The company has also secured an offtake agreement with Glencore.

Read the original news release →

More from Falco Resources Ltd.

Sep 29, 2026 · 07:00

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

Other Sep 22, 2026 · 07:30

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

M&A / Property Jul 07, 2026 · 07:30

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

Financings Jun 17, 2026 · 07:45

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

Falco’s Horne 5 project cleared environmental hurdles in Quebec, though a capital gap looms as debt matures in December.

Production / Operations Apr 21, 2026 · 09:00

Falco Advances Noranda Helimag Survey Amidst Significant Debt Conversion Overhang

Production / Operations