Compass Gold Corporation
COGDF
Other OTC0.14
USD
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Compass Gold Corporation
COGDF
(Other OTC)
Recent
price
0.14
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Compass Gold Corporation Compass Gold Corp. (TSXV: CVB; OTC: COGDF) engages in the acquisition, exploration, and development of mineral resource properties, primarily focused on gold deposits in southern Mali. The company holds the Sikasso Property, comprising exploration permits across four sites including Ouassada, Sankarani, Kourou, Tieoulena, and Kale, totaling approximately 1,173 square kilometers within the Sikasso Region; key projects encompass the 14-kilometer Tarabala Trend featuring multiple gold zones with confirmed bedrock mineralization to average depths of 56 meters, the Massala Gold Project along this trend, and the broader Yanfolila Block. Founded in 2002 and headquartered in Toronto, Ontario, Canada, Compass targets near-surface, nuggety gold mineralization suitable for small-scale open-pit mining operations, leveraging extensive prior exploration including 36,653 meters of drilling in 569 holes across 20-plus targets, 46,269 shallow soil samples, 2,726 deep auger holes totaling 37,281 meters, and over 6,658 line kilometers of airborne geophysics. The company advances a small mine strategy emphasizing rapid production from high-grade, shallow deposits, with ongoing bulk sampling at Massala exceeding 200 tonnes of mineralized material to optimize processing recovery rates; it collaborates with the nearby SMAT processing facility, located 2 kilometers from Massala, which is undergoing upgrades to handle up to 100 tonnes per hour under Mali's Mining Code provisions allowing up to 200,000 tonnes annually and 160,000 ounces of gold over four years. Recent developments include receipt of the Environmental Permit for the planned Massala small gold mine project on November 10, 2025, following approval of environmental and social impact studies; closure of a $700,000 non-brokered private placement on September 25, 2025, upsized from $600,000 due to investor demand to fund Massala small mine implementation; and initiation of bulk sampling authorization with initial gold recoveries confirmed, alongside applications for the first small mine permit targeting production commencement within 60 days as of February 2025 updates amid record gold prices.
Compass Gold Commences Shallow Drill Program at Massala
Compass Gold Closes Private Placement of Units for Gross Proceeds of $5,398,330
Compass Gold Announces Private Placement of Units for Gross Proceeds of Up To $5 Million
Compass Gold Closes $700,000 Private Placement
Compass Gold Announces Fully Subscribed $600,000 Private Placement
Compass Appoints Stephen Eddy to Board of Directors
Compass Gold on Track to Commence Production at Massala Within the Next 60 Days