Stormlands lifts Clarence Stream valuation 52.8% in new model
The study lifts the site’s net value to $676.1 million after applying current gold and antimony prices to its MRE.
Stormlands Mining has enhanced its valuation model for Galway Metals' Clarence Stream gold-antimony project in New Brunswick, raising its net present value (NPV) to $676.1 million (C$940.84 million). Located approximately 70 km southwest of Fredericton, the project spans over 60,000 hectares and is situated along the Sawyer Brook fault system, which includes several intrusives favorable for gold deposition.
CEO Róisín O’Connell explained that while the project is known for its gold-antimony characteristics, the valuation highlights that gold accounts for more than 95% of the modelled revenue, significantly contributing to the $1.25 billion increase in life-of-mine revenue, with nearly 99% derived solely from gold. Utilizing the project's 2026 mineral resource estimate (MRE), the model reflects the sensitivity of Clarence Stream to gold pricing, increasing the valuation by 52.8% after applying gold prices at $4,245.22 per ounce and antimony prices at $31,000 per ounce.
This resulted in an NPV of $442.5 million at a 5% discount rate, an increase from $442.5 million, with projected life-of-mine revenue rising from $4.23 billion to $5.48 billion and EBITDA increasing from $2.93 billion to $4.17 billion. The higher internal rate of return (IRR) of 44.86% compared to 31.15% and a shortened estimated payback period further underscore the project's enhanced economic prospects.
This model forms part of Stormlands' library series, offering mining companies a framework for predicting and assessing economic conditions, with previous studies focusing on the Odienné, Kinsley, and Fremont projects.
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