About this episode
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.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Tiernan Gold, visit: https://tiernangold.com00:36 - Chris Taylor Background01:19 - Volcan Project Overview02:21 - PEA Economics Snapshot03:15 - District Momentum03:43 - Water Rights and Solutions05:29 - Financing and PFS Plan06:31 - Key PFS Challenges08:15 - Exploration Upside Potential09:37 - Chile Politics Tailwinds__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ens
