09:00 AM EDT, 08/11/2025 (MT Newswires) -- P2 Gold ( PGLDF ) reported Monday higher gold, silver and copper recoveries from phase-three metallurgical testing results for the Gabbs project in Nevada.

The company outlined metal recovery rates of 86.6% for gold, 73.5% for silver and 56.6% for copper at 58 days, compared to 78% for gold, 45% for silver and 54% for copper reported in the May 2024 preliminary economic assessment.

"The phase three metallurgical program was established with a target of improving the leach kinetics and overall extraction by adding cyanide during agglomeration and by increasing the cyanide concentration in the leach solutions," said Joe Ovsenek, president and CEO of P2.

After the metallurgical program, the company plans to update its preliminary economic assessment using the updated recoveries for gold, copper and silver.