Fury Gold Mines

Fury Gold Mines has precautionarily evacuated the Eau Claire camp in the James Bay region due to a nearby wildfire, and has safely evacuated all employees and contractors; no injuries were reported. Exploration and drilling activities have been temporarily suspended, the company is monitoring the situation with local fire authorities and plans to resume work as soon as it is safe. Fury currently does not expect material impacts to the phase-2 drilling program and reports a strong liquidity position. » Más en de.investing.com

Fury Gold released results from eight drill holes (5,064 m) at the Eau Claire project, including 7.01 g/t Au over 21.0 m (incl. 10.27 g/t over 11.0 m) and other high-grade intervals up to 20.60 g/t over 0.85 m. The company has put a third diamond drill rig into operation to accelerate Phase-2 drilling (15,000–25,000 m) aimed at converting and expanding inferred mineral resources. To date 23 holes (~11,650 m) have been completed; samples have been sent for fire assay analysis. The stock is trading near its 52-week low with a market capitalization of roughly $105 million, and analyst targets point to substantial upside potential. » Más en de.investing.com

Fury Gold Mines has engaged SGS Geological Services and BBA Consultants to conduct an NI‑43‑101‑compliant pre‑feasibility study (PFS) for the Eau‑Claire gold project in Eeyou Istchee/James Bay. SGS will handle geological modelling and resource estimation, while BBA will lead mining, processing, infrastructure and economic disciplines. The PFS builds on a PEA from 2 September 2025; the company has a high cash burn, the stock trades at $0.52 and fell 8% last week. » Más en de.investing.com

Fury Gold Mines released final data from the Phase 1 drill program and initial Phase 2 results at the Eau Claire gold project in Quebec. Phase 1 comprised 21 holes (12,700 m) with notable intervals such as 7.86 g/t Au over 9.43 m (26EC‑103) and 13.83 g/t Au over 1.97 m (26EC‑102). Initial Phase 2 results cover 720 m, including 3.79 g/t Au over 7.25 m (26EC‑107); the program aims to upgrade inferred resources to the indicated category and will continue through summer 2026. » Más en de.investing.com

Fury Gold Mines has appointed Annie Blier as senior director of environment and permitting. She will lead the environmental strategy, technical studies and the permitting process for the Eau Claire gold project, and support engagement with Indigenous peoples and local communities. Blier brings over 20 years of mining experience, including 15 years as director of sustainable development at IAMGOLD. Fury has a market capitalization of USD 111.8 million, has recently remained unprofitable, but holds more cash than debt and has a current ratio of 11.29. » Más en de.investing.com