Banyan Gold Corp.
BYN.V
Toronto Stock Exchange Ventures1.53
CAD
-0.06
- -
Banyan Gold Corp.
BYN.V
(Toronto Stock Exchange Ventures)
Recent
price
1.53
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Banyan Gold Corp. (TSXV: BYN) is a Vancouver-based mineral exploration company founded in 2010 that explores and develops gold and silver properties in Canada; it focuses primarily on advancing its flagship AurMac Gold Project and the Hyland Gold Project in the Yukon Territory. The AurMac Project, located in the Mayo Mining District and covering 291 square kilometers across 1,119 claims, hosts an indicated mineral resource of 2.274 million ounces of gold at 0.63 grams per tonne and an inferred resource of 5.453 million ounces at 0.60 grams per tonne across the Airstrip and Powerline zones; mineralization is structurally controlled and intrusion-related, associated with gold-bearing skarns and granitic dykes, and benefits from excellent infrastructure including highway access, three-phase power, and cell coverage. The wholly owned Hyland Gold Project spans 18,620 hectares across 927 claims in the Watson Lake Mining District, featuring structurally controlled gold mineralization along an 11-kilometer trend including the Main Zone, Camp Zone, Cuz Zone, and Montrose Ridge Zone, with a historical inferred resource estimate. In September 2025, Banyan completed its 100% earn-in acquisition of the AurMac Project by securing the remaining 25% interest from Victoria Gold Corp., subject to royalties, integrating the McQuesten and Aurex claim blocks acquired from Hecla Mining Company and Victoria Gold; this followed 75% earn-ins on both properties in prior years. The company closed a $31.4 million strategic financing in October 2025 led by Peruvian mining investor Alpayana S.A.C. and the Gubbins family, comprising $23 million in flow-through funds and $8 million in hard dollars with no warrants, bolstering its treasury beyond $40 million to support a 40,000-meter drilling program—nearing completion with nearly 36,000 meters drilled across 165 holes—and a Preliminary Economic Assessment planned for fall 2026. Ongoing 2025 exploration, informed by a revised geological model, targets high-grade zone expansions at over 1 gram per tonne gold, resource conversions from inferred to indicated, and new geophysical anomalies at AurMac, alongside a forthcoming Hyland resource update and modest 2026 drilling for potential joint ventures.
The Yukon's Capital Cycle Has Turned -- and This 18-Project Junior Is Quietly Building the Next District-Scale Story
The Reserve Crisis Major Miners Can't Solve on Their Own
Banyan Gold Continues to Extend Powerline Mineralization Beyond Existing Resource and Between Deposits, AurMac, Yukon, Canada
Banyan Gold Grants Incentive Stock Options