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GMV Minerals amended a land deal to explore Arizona ranch lands, supporting its high-return Mexican Hat gold project.
GMV Minerals Inc. announced on January 26, 2026, it has amended a land licensing agreement with the Kay B. Graham Revocable Trust, securing access to Arizona ranch lands for exploration, weather monitoring, and water quality studies.
The company’s September 2025 Preliminary Economic Assessment for its Mexican Hat Project projects strong returns, with a pre-tax IRR of 66.1% and NPV of $390.2 million at a $2,500/ounce gold price, rising to a pre-tax IRR of 134.2% and NPV of $1.055 billion at current gold prices near $4,000/ounce.
The base case assumes a 10-year mine life, 597,841 ounces of gold production, and $89.997 million in capital costs.
The project is based on an inferred mineral resource of 36.7 million tonnes grading 0.58 g/t gold, containing 688,000 ounces, but the company warns the results are preliminary and not guaranteed.
GMV Minerals modificó un acuerdo de tierras para explorar tierras de rancho de Arizona, apoyando su proyecto de oro de alto rendimiento de Mexican Hat.