Golden Shield Resources Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Leo Hathaway
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 1090 West Georgia Street Vancouver BC Canada V6E 2M6
- IPO Date
- Feb 22, 2022
- Website
- goldenshield.ca
- Similar Companies
- Business
- Golden Shield Resources Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties primarily in Guyana, South America. The company focuses on gold, base, and precious metals exploration with its 100% owned flagship project, the Marudi Mountain Project, covering 5,457 hectares in southwestern Guyana. Other wholly owned projects include Arakaka and Fish Creek. Golden Shield operates through advanced-stage exploration assets, targeting resource expansion and drilling to define significant gold deposits. Headquartered in Vancouver, Canada, and founded by experienced mining professionals, the company benefits from a global technical and financial management team. Recent major developments include Golden Shield's strategic move in 2024 to enter into a letter of intent to acquire Tucano Gold, a near-producing high-grade gold asset with an open-pit mine and advanced infrastructure in Brazil capable of processing 3.5 million tonnes of ore annually. However, in late 2024, Golden Shield terminated the acquisition talks with Tucano Gold, citing a strategic reassessment. The company also completed a 1-for-10 reverse stock split in April 2025 to consolidate its shares. In mid-2025, Golden Shield successfully closed a private placement financing, issuing approximately 6.6 million common shares for gross proceeds close to CAD 1 million, strengthening its financial position for ongoing exploration and operational development activities. Golden Shield Resources aims to unlock value in the underexplored Guiana Shield region through its focused exploration projects, leveraging geological synergies and advancing resource estimates in Guyana's rich mineral belts. The company's operations and projects target gold mining and exploration, emphasizing the evaluation of mineralized systems with historical resources and ongoing drilling programs. It operates exclusively in Guyana and has positioned itself to capitalize on both exploration upside and near-term production opportunities following its attempted expansion into Brazil's gold mining sector. The company remains a member of Inventa Capital, integrating support from a broader mining investment platform.
Company News
Golden Shield Resources closes $2M private placement
Golden Shield to raise up to C$975,000 for Guyana project development
Golden Shield to focus on Marudi Mountain project as it ends Tucano deal
Golden Shield executive chairman discusses Tucano Gold acquisition - ICYMI
Golden Shield expands gold portfolio with acquisition of Tucano Gold
Golden Shield reports high-grade gold intercepts at Marudi Mountain
Golden Shield reports high-grade gold intercepts at Marudi Mountain
Golden Shield encouraged by drill results at Marudi Mountain
Golden Shield Resources updates investors on drill campaign at Marudi Mountain gold project
Golden Shield Resources kicks off drill campaign at Marudi Mountain gold project
Golden Shield Resources initiates fully-funded diamond drill program at Marudi Mountain
Golden Shield Resources counts down to diamond drilling at Mazoa Hill
Golden Shield Resources drills high grade gold at Marudi Mountain project in Guyana
Golden Shield commences RC drilling at Marudi Mountain; updates surface sampling results
Golden Shield Resources reveals grab sample results and begins drilling at Marudi project in Guyana
Golden Shield Resources reveals positive exploration update for its Marudi Mountain project in Guyana
Golden Shield Resources to raise up to C$3.5M in 'best efforts' private placement