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