Getchell Gold's Mike Sieb Talks $1B PEA for Fondaway Canyon
About this episode
Getchell Gold released an updated PEA on the Central Area of Fondaway Canyon, outlining a 10-year open pit mine producing 150,000 ounces of gold annually, a 28% increase over the 2025 PEA. At a $3,200/oz gold price, President Mike Sieb told Mining Stock Daily that the project delivers a post-tax NPV of $1.112 billion. Sieb discussed converting inferred resources to indicated, a claims dispute with NV Minerals, and a year-end target to file the plan of operation with the BLM.
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