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Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources," "Perpetua," or the "Company") today provided an update on construction and exploration progress at its Stibnite Gold Project (the "Project") in central Idaho. With federal approvals secured in 2025 and early works and critical path construction activities continuing through the summer and into the fall, the Company is pleased to share recent progress with stakeholders.
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Perpetua Resources has delivered a very large share price gain over the past three years, which now puts a spotlight on whether the current valuation lines up with what its balance sheet actually supports. With the stock last closing at US$31.42, the open question is how that market price stacks up against the book value backing each share. Over the past three years, Perpetua Resources has returned roughly 7x, which puts a lot of weight on whether the underlying equity base can justify such...
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