White Gold Corp. has announced a positive preliminary economic assessment (PEA) for its White Gold Project in Yukon, outlining the potential for a large-scale open-pit mining operation.

The assessment reports an estimated C$1.9 billion after-tax net present value, alongside a 38% internal rate of return and a projected payback period of about 1.7 years.

The proposed operation is expected to process around 12,000 tonnes of material per day and produce an average of approximately 188,000 ounces of gold annually over the projected mine life.

The announcement puts fresh attention on Yukon's mining sector and Canada's broader resource economy, as investors continue to watch new projects capable of generating employment, infrastructure investment and export revenues.

The project could also contribute to Canada's position as a major global mining jurisdiction, particularly as demand for metals and investment in domestic resource development remain important economic priorities.

White Gold Corp. said the latest assessment provides a foundation for further project development and evaluation.

For Canada's mining industry, the announcement highlights the continuing investment potential of Yukon gold resources and the broader economic role of Canada's mineral sector.