Perpetua Resources Files 8-K

TL;DR

PERPETUA RESOURCES (PR) FILED AN 8-K. NO SPECIFIC DETAILS YET.

AI Summary

Perpetua Resources Corp. filed an 8-K on February 13, 2025, reporting on a Regulation FD Disclosure and Financial Statements and Exhibits. The company, formerly known as Midas Gold Corp. until July 20, 2011, is incorporated in British Columbia and headquartered in Boise, Idaho. The filing does not contain specific financial figures or transaction details.

Why It Matters

This filing indicates that Perpetua Resources Corp. is providing updated disclosures and financial information to the SEC, which is standard practice for publicly traded companies.

Risk Assessment

Risk Level: low — This is a routine filing with no new material events or financial disclosures that would immediately impact risk.

Key Players & Entities

• Perpetua Resources Corp. (company) — Registrant
• Midas Gold Corp. (company) — Former company name
• February 13, 2025 (date) — Date of report
• 405 S. 8th Street, Ste. 201 Boise, Idaho 83702 (address) — Principal executive offices

FAQ

Key Financial Figures

• $1.4 billion — economics of the Project, indicating a $1.4 billion after-tax Net Present Value ("NPV") (5%
• $3.7 billion — nancial Update indicates an increase to $3.7 billion after-tax NPV (5%) and over a 27% after
• $435 — y-product basis are expected to average $435 per gold ounce over the first four year
• $760 — irst four years of production and under $760 per ounce over the life-of-mine ("LOM")
• $1.8 billion — th the U.S. Export-Import Bank ("EXIM") $1.8 billion Letter of Interest received in April 20
• $90.2 million — from vendors with an estimated cost of $90.2 million. All contractual commitments of $1.0 mi
• $1.0 million — million. All contractual commitments of $1.0 million or greater must be approved by Perpetua
• $18.8 million — t with a vendor. The initial payment of $18.8 million is due upon execution and remaining pay
• $2,100 — es. 1 Consensus prices are defined as $2,100/oz gold, $10.00/lb antimony, and $27.00
• $10.00 — s prices are defined as $2,100/oz gold, $10.00/lb antimony, and $27.00/oz silver. 2
• $27.00 — $2,100/oz gold, $10.00/lb antimony, and $27.00/oz silver. 2 Based on a comprehensive
• $2,900 — pricing. 3 Spot prices are defined as $2,900/oz gold, $21.00/lb antimony, and $31.50
• $21.00 — t prices are defined as $2,900/oz gold, $21.00/lb antimony, and $31.50/oz silver. The
• $31.50 — $2,900/oz gold, $21.00/lb antimony, and $31.50/oz silver. The Financial Update is inc
• $2,215 — l, net – including contingency ($M) 6 $2,215 Component Early Production Years 1

Filing Documents

• tm256434d1_8k.htm (8-K) — 174KB
• tm256434d1_ex99-1.htm (EX-99.1) — 455KB
• 0001104659-25-013048.txt ( ) — 835KB
• ppta-20250213.xsd (EX-101.SCH) — 3KB
• ppta-20250213_lab.xml (EX-101.LAB) — 33KB
• ppta-20250213_pre.xml (EX-101.PRE) — 22KB
• tm256434d1_8k_htm.xml (XML) — 4KB

01 Other Events

Item 7.01 Other Events. On February 13, 2025, Perpetua Resources Corp. (the "Company") released an updated cash flow model for the Stibnite Gold Project (the "Project"), which is based, in part, on basic engineering work completed by Ausenco Engineering USA South Inc. ("Ausenco") in January 2025 (the "Financial Update"). The Financial Update reconfirms the robust economics of the Project, indicating a $1.4 billion after-tax Net Present Value ("NPV") (5%) and 15.4% after-tax Internal Rate of Return ("IRR") at long-term consensus prices, 1 driven by industry-leading operating costs. 2 At current spot prices, the Financial Update indicates an increase to $3.7 billion after-tax NPV (5%) and over a 27% after-tax IRR. 3 All-In Sustaining Costs ("AISC") on a by-product basis are expected to average $435 per gold ounce over the first four years of production and under $760 per ounce over the life-of-mine ("LOM"), positioning the Stibnite Gold Project to become the lowest cost gold project in the United States, Canada and Australia. 1,2 The Financial Update is a key milestone to support Perpetua in formalizing its loan application process in connection with the U.S. Export-Import Bank ("EXIM") $1.8 billion Letter of Interest received in April 2024 under the Make More in America and China Transformational Exports Programs. The Financial Update and basic engineering work project an increase of over 15% in the number of job-years, as defined by EXIM, through the life of the Project. Perpetua believes that such increase could support a corresponding increase to the existing $1.8 billion indication of interest from EXIM. The Company is well-advanced in its process to evaluate potential strategic and financing opportunities, supported by its financial advisors. On February 13, 2025, Perpetua entered into an agreement with Idaho Power Company ("IPCo") to begin procurement of long lead equipment required to increase the electrical capacity to the plant. This is an important st

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View this 8-K filing on SEC EDGAR