Skaergaard’s 2026 Resource Used a $3,500 Gold Assumption; Gold Has Since Traded Above $4,300
Greenland Mines commenced the 2026 field season at its Skaergaard project in southeast Greenland, with drilling operations underway following the arrival of the support vessel Argus. A recently published S-K 1300 technical report revealed indicated mineral resources increased by roughly a third to 15.00 million palladium-equivalent ounces, based on a gold price assumption of $3,500 per ounce.
Key figures
- Gold spot usd per oz
- 4367
- Inferred resource moz
- 17.49
- Indicated resource moz
- 15
- Nsr cutoff usd per tonne
- 84
- Gold assumption usd per oz
- 3500
- Platinum assumption usd per oz
- 2100
- Palladium assumption usd per oz
- 1725
AI analysis
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