Otso Gold Corp.
FIEIF
Other OTC0.03
USD
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- -
Return %
Stock
S&P500
1Y
- -
19.01
3Y
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65.48
5Y
- -
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Dan Andersson
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 161 Bay Street Toronto ON Canada M5J 2S1
- IPO Date
- Jun 29, 2018
- Website
- otsogold.com
- Similar Companies
- Business
- Otso Gold Corp. (TSX-V: OTSO; OTC: FIEIF) is a Canadian mineral exploration and development company focused on acquiring, exploring, and developing gold properties primarily in Finland and Canada. The company holds 100% interest in the Otso Gold Mine, located in Northern Ostrobothnia, Finland, featuring a fully permitted 2 million tonne per annum processing plant designed for gold production from high-grade sulphide ore; it also pursues exploration activities across its mining and exploration lease areas totaling approximately 5,500 hectares, including infill and expansion drilling to delineate measured and indicated resources. Incorporated in Alberta, Canada, on February 14, 1992, with administrative offices in Vancouver, British Columbia, and previously listed on the TSX Venture Exchange, Otso targets safe-jurisdiction operations in Europe and the Americas for socially responsible gold mining. Recent developments include a 2021 investment agreement with Brunswick Gold Limited providing approximately US$22 million for preparatory works, plant restarts, and ramp-up to production achieving first gold pour in October 2021; upgrades to tailings facilities, water reservoirs, process automation, and crushing circuits; contracting of E. Hartikainen for mining services and Orica Finland Oy for explosives; and an ongoing infill drilling campaign exceeding 10,000 metres confirming resource expansions of nearly 300% in measured and indicated ounces, though the company entered insolvency proceedings under court-appointed receivership in 2022 amid operational challenges.