Tiernan Gold (TSXV: TNGD) Director Chris Taylor joins Kitco Mining at PDAC 2026 to discuss advancing the Volcan gold project in Chile’s Maricunga district, which hosts 9.8 Moz measured and indicated and total resources of about 11 Moz.

“It’s an 11 million ounce deposit, basically,” Taylor said. “The thing is huge.” The large-scale oxide heap leach project has not seen exploration in more than a decade and sits in a district experiencing renewed development activity.

Under a $3,600 gold scenario, Taylor estimates the current mine design could generate an after-tax NPV of about $3.6 billion and an IRR of roughly 47%. He noted the most recent PEA used much lower gold price assumptions and “it really basically bears no resemblance to what the project could be under a sort of modern gold price regime.”

Tiernan, which is just over 60% owned by Hochschild Mining, raised $58 million Canadian in November to advance the project toward a pre-feasibility study targeted for 2027. Taylor said the project is “it’s probably a top quartile in terms of all in sustaining costs,” while also pointing to exploration upside beyond the existing 11 Moz resource.

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To learn more about Tiernan Gold, visit: https://tiernangold.com

00:36 - Chris Taylor Background
01:19 - Volcan Project Overview
02:21 - PEA Economics Snapshot
03:15 - District Momentum
03:43 - Water Rights and Solutions
05:29 - Financing and PFS Plan
06:31 - Key PFS Challenges
08:15 - Exploration Upside Potential
09:37 - Chile Politics Tailwinds
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Tiernan Gold Advances 11 Moz Volcan Toward 2027 PFS | Chris Taylor

Kitco MINING

Tiernan Gold Advances 11 Moz Volcan Toward 2027 PFS | Chris Taylor