- Business
- Fredonia Mining Inc. is a gold-silver exploration company focused on acquiring, exploring and advancing mineral properties in the Deseado Massif of Santa Cruz Province, Argentina, with its primary office in Toronto, Ontario, Canada; the company was founded in 2012 and is headquartered in Toronto, Ontario, Canada. Its core assets include the flagship El Dorado-Monserrat project, an advanced gold-silver property with multiple named prospects; the El Aguila project; and the Hornía (Petrificados) project, with the company also describing additional district-scale landholdings in the region. Fredonia’s activities center on mineral exploration, resource definition and project advancement for precious metals, with its portfolio positioned in a prolific gold-silver belt near established regional mines. Recent company developments include a Preliminary Economic Assessment for EDM released in August 2026 highlighting an updated mineral resource estimate, projected average annual production of 146,000 oz AuEq, a US$1.49 billion NPV10 and a 65% IRR, as well as a July 2026 project update citing continued drilling, assay results and the appointment of mining executive Gustavo Gomes to strengthen development capabilities. In September 2026, Fredonia announced a C$10 million bought-deal private placement and an offering document under the listed issuer financing exemption, following earlier 2026 news of a strategic acquisition of the Judite property, which expanded its Santa Cruz land position adjacent to EDM.