Fury Reviews 2025 Achievements and Outlines 2026 Exploration Priorities
Rhea-AI Summary
Fury (TSX/NYSE American: FURY) reviewed 2025 milestones and outlined 2026 exploration priorities. Key 2025 highlights include a PEA for Eau Claire with an after-tax NPV5% of C$554M and IRR 41% at US$2,400/oz, life-of-mine recovered gold of 834,000 oz, and initial capex of C$217M. Fury published an initial MRE at Sakami of 23.9 Mt grading 1.07 g/t Au for 825,000 inferred ounces, acquired Quebec Precious Metals expanding its Québec portfolio to >157,000 hectares, completed a C$18.0M flow-through financing and received a C$4.3M private placement from Agnico Eagle. Fury commenced a 10,000m Eau Claire winter drill program, targeting 12,000–13,000m by February 2026.
Positive
- Eau Claire PEA: after-tax NPV5% C$554M
- Eau Claire after-tax IRR of 41% at US$2,400/oz
- Eau Claire life-of-mine recovered gold 834,000 oz
- Sakami initial MRE: 825,000 inferred ounces
- Québec portfolio expanded to >157,000 hectares
- Closed C$18.0M flow-through financing in 2025
- Agnico Eagle private placement of C$4.3M
Negative
- Eau Claire estimated initial capex of C$217M
- Eau Claire life-of-mine AISC of US$1,140/oz
- Sakami resource classified as inferred (higher uncertainty)
- PEA outcomes based on US$2,400/oz gold price assumption
News Market Reaction
On the day this news was published, FURY declined 1.15%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
FURY was down 1.05% pre-news. Key peers were mixed: USGO (-1.01%), ATLX (-1.79%), NVA (-1.65%), LGO (0%), and GRO (+4.23%). With no peers in the momentum scanner and moves not clearly aligned, trading appeared more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Resource estimate | Positive | -3.0% | Initial inferred mineral resource published for Sakami La Pointe Extension. |
| Nov 24 | Drill results | Positive | -1.1% | Final 2025 Sakami drill holes extended near-surface gold mineralization. |
| Nov 10 | Drill results | Positive | +2.9% | Committee Bay drilling extended Three Bluffs mineralization and Raven target. |
| Oct 21 | Drill program start | Positive | -10.7% | Eau Claire 10,000 m drill program and Kipawa rare earths project update. |
| Oct 17 | Technical report | Positive | -6.6% | Filing of NI 43‑101 PEA technical report for the Eau Claire project. |
Recent positive technical and resource updates have often seen weak or negative next-day price reactions, indicating frequent divergence between news tone and short-term trading.
Over the last few months, FURY reported several exploration and de‑risking milestones. On Oct 17, 2025, it filed the Eau Claire PEA technical report, followed by a 10,000 m Eau Claire drill program update on Oct 21. Committee Bay drilling results came on Nov 10, and Sakami drill and resource updates followed on Nov 24 and Dec 8. Despite generally constructive operational news, four of five events saw negative next‑day price moves.
Market Pulse Summary
This announcement reviews 2025 progress and frames 2026 priorities across Eau Claire, Sakami and Committee Bay. Key data include an Eau Claire PEA with C$554 million NPV, 41% IRR, and $1,140/oz AISC, plus an initial 825,000 oz inferred resource at Sakami. The company also strengthened its balance sheet with a C$18.0 million financing and a C$4.3 million placement. Investors may watch drill results, permitting steps, and updates on capital needs.
Key Terms
preliminary economic assessment technical
mineral resource estimate technical
MRE technical
inferred mineral resource technical
all in sustaining cost financial
initial capex financial
private placement financial
AI-generated analysis. Not financial advice.
Continues winter drilling program at Eau Claire
TORONTO, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company”) is pleased to provide a review of 2025 corporate and technical achievements, including exploration drilling across four gold properties (Éléonore South, Sakami, Committee Bay and Eau Claire), meaningful portfolio expansion in Québec via the acquisition of
2025 Achievements
Technical de-risking and value creation
- The Eau Claire gold deposit (Québec) demonstrated a base-case after-tax NPV
5% of C$554 million and after-tax IRR of41% at a$2,400 /ounce gold price. Over a 11-year mine life, Eau Claire showed total gold recovered of 834,000 ounces at a life-of-mine all in sustaining cost of$1,140 /ounce, and an estimated initial capex of C$217 million , demonstrating a highly capital efficient project. - The MRE for the Sakami gold project was published in December 2025, after launching the Company’s inaugural drill campaign in June 2025, completing 2,778 metres (“m”) during the year. Fury reported an initial inferred mineral resource estimate of 23.9 million tonnes grading 1.07 grams per tonne gold for 825,000 ounces, with all ounces projected to be in-pit within 400m of surface.
Portfolio expansion and strategic support
- The April 2025 acquisition of QPM added several prospective gold and critical minerals exploration assets in Québec—including Sakami, Elmer East and Kipawa—expanding Fury’s Québec exploration portfolio to over 157,000 hectares. Fury is the largest gold focussed explorer in the Eeyou Istchee Territory in the James Bay region of Northern Quebec. In 2025, the Company drilled over 18,000m across the entire Fury portfolio with approximately 15,200m drilled in Quebec.
Funding and capital markets execution and strategic support
- Fury closed an C
$18.0 million brokered flow-through financing to advance exploration and development work at Committee Bay and Eau Claire in 2025/2026, strengthening the Company’s balance sheet. The Company’s capital resources are greatly enhanced by its ownership of 11.3 million shares in Dolly Varden Silver. - The Company also secured an additional equity investment from Agnico Eagle Mines Limited via a C
$4.3 million private placement.
“We are excited to begin 2026 after completing a strong base of technical work at Committee Bay, Eau Claire and Sakami. This critical work will support us as we advance drilling at Eau Claire, with a goal of de-risking the project and moving towards development stage,” commented Tim Clark, CEO of Fury Gold Mines. “These technical milestones were made possible by our strong balance sheet and shareholders that understand our vision of becoming a mid-tier gold producer. We look forward to continuing this momentum as we execute our 2026 drill programs.”
2026 Outlook
Fury commenced winter drilling at Eau Claire announcing a 10,000m program in October 2025, which focuses on expanding mineral resources along high-grade shoots (highlighted in the PEA mineable portion of the mineral resource); connecting the current mineral resource outside of the PEA mineable portion to bring more of the existing gold ounces into a future development scenario; and identifying additional mineral resource growth opportunities. Approximately, 6,600m have been drilled to date and the Company anticipates completing between 12,000m and 13,000m prior to the completion of the program at the end of February. Fury is also assessing its environmental, permitting and sustainability needs as part of the next step in moving Eau Claire towards development.
In addition, 2026 exploration planning is being finalized for the Committee Bay gold project in Nunavut, which would include an up to 5,000m drill program to further test the high-grade mineralization at the Three Bluffs deposit and drill test advanced regional targets.
Qualified Person
Valérie Doyon, P.Geo, Senior Project Geologist at Fury, is a “qualified person” within the meaning of Canadian mineral projects disclosure standards instrument 43-101 and has reviewed and approved the technical disclosures in this press release.
About Fury Gold Mines Limited
Fury Gold Mines Limited is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds 11.3 million common shares of Dolly Varden Silver Corp (
Neither the TSX nor its Regulations Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.
For further information on Fury Gold Mines Limited, please contact:
Salisha Ilyas, Investor Relations
Tel: (844) 601-0841
Email: info@furygoldmines.com
Website: www.furygoldmines.com
Forward-Looking Information
This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of applicable securities laws, which statements relate to the future exploration operations of the Company and may include other statements that are not historical facts. Forward-looking statements contained in this release primarily relate to statements that suggest that future exploration and feasibility work will result in commercially viable mineral deposits.
Although the Company believes that the assumptions and expectations reflected in those forward-looking statements were reasonable at the time such statements were made, there can be no certainty that such assumptions and expectations will prove to be materially correct. Mineral exploration is a high-risk enterprise.
Readers should refer to the risks discussed in the Company’s Annual Information Form and MD&A for the year ended December 31, 2024 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca and the Company’s Annual Report available at www.sec.gov. Readers should not place heavy reliance on forward-looking information, which is inherently uncertain.
FAQ
What did Fury announce about the Eau Claire PEA on January 8, 2026?
How large is the Sakami initial mineral resource reported by Fury (FURY)?
How much financing did Fury complete in 2025 and who invested privately?
What is Fury's 2026 drilling plan for Eau Claire and timing?
How did Fury expand its Québec exploration footprint in 2025?
