Granada Gold Mine Inc.
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Frank Joseph Basa
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 3028 Quadra Court Coquitlam BC Canada V3B 5X6
- IPO Date
- Feb 5, 2007
- Website
- granadagoldmine.com
- Similar Companies
- Business
- Granada Gold Mine Inc. is a Canadian junior mining and exploration company engaged in the acquisition, exploration, and development of mineral properties in Canada, primarily focused on gold and silver. The company's core asset is its 100% owned Granada Gold Property, situated near Rouyn-Noranda, Quebec, within the prolific Cadillac Break gold producing region. The property spans approximately 14.73 square kilometers comprising a combination of mining leases and claims, and includes the former Granada Gold underground mine. Granada specializes in the exploration and potential production of quartz-vein mesothermal gold deposits hosted by late Archean sedimentary rock and syenite porphyry dykes, as well as recent discoveries of rubidium (alkali metal) deposits. The company leverages its strategic location with excellent infrastructure and proximity to processing facilities operated by major producers such as Agnico Eagle and IAMGOLD. Founded in 1985 and headquartered in Coquitlam, Canada, Granada Gold Mine Inc. was formerly known as Gold Bullion Development Corp. until its name change in January 2017. In recent developments, the company has made significant strides toward advancing its fully permitted, shovel-ready gold project, which positions it as an attractive takeover target within the mining sector. In 2024 and 2025, Granada entered into a memorandum of understanding with LaFleur Minerals to assess processing criteria and has been actively expanding its resource base through an extensive 120,000-meter drilling program to increase gold grades and resource estimates. The company also launched an innovative gold-backed preferred share financing structure to fund exploration while minimizing shareholder dilution. Additionally, it secured 10-year lease extensions and is pursuing a strategic agreement with a major mining company to advance the Granada project toward production, leveraging its significant near-surface and underground gold potential as well as ancillary rare earth and alkaline metal opportunities. Granada operates primarily within Quebec, Canada, targeting both district-scale resource expansion and near-term production. Its operational focus includes gold and silver exploration and development, with an emphasis on sustainable growth by exploiting rich mineralization along the Cadillac Break trend, a historical gold mining corridor with over 50 million ounces produced in the last century. The company benefits from strong local infrastructure, skilled labor, and access to key markets through proximity to Rouyn-Noranda airport and paved road networks. Overall, Granada Gold Mine Inc. positions itself as a junior natural resource company with a comprehensive portfolio of gold assets in a premier mining jurisdiction, combining exploration upside, operational readiness, and strategic partnerships to drive value creation in the gold mining sector. The company remains focused on proving up its resource base and advancing the Granada Gold Project to production readiness, while exploring monetization of complementary rare metals discovered on site. This description reflects Granada Gold Mine Inc.'s main products and services, recent strategic developments, and key business operations as of late 2025.
Company News
Granada Gold Mine Appoints J.W. Dumont as President
Granada Gold Mine Announces Engagement Of Senergy Communications Capital Inc.
Granada Gold Mine Announces Filing of NI 43-101 Technical Report for The Granada Gold Project, Quebec, with Updated Resource Estimate
Granada Gold Mine Enters Into Two Debt Conversion Agreements In An Aggregate Amount Of $4 Million
Granada Gold Mine to Present in the Emerging Growth Virtual Conference at 12 Noon ET July 16, 2026
Granada Gold Announces Investor Relations Agreement
Granada Gold Advances On-site Gravity Concentration Facility to Upgrade Mineralized Material Grade and Reduce Off-site Haulage
Granada Gold Advances On-Site Gravity Concentration Facility To Upgrade Mineralized Material Grade And Reduce Off-Site Haulage
Granada Gold Announces 64% Increase in Measured and Indicated Mineral Resources to 890,600 oz Au (15,982,000 Tonnes at 1.73 g/t Au) and 90% Increase in Inferred Mineral Resources to 865,500 oz Au (20,096,000 Tonnes at 1.34 g/t Au)
Granada Gold Announces 64% Increase In Measured And Indicated Mineral Resources To 890,600 OZ AU (15,982,000 Tonnes At 1.73 G/T AU) And 90% Increase In Inferred Mineral Resources To 865,500 OZ AU (20,096,000 Tonnes At 1.34 G/T AU)
Granada Gold Mine Advances On-Site Processing Authorization for Gravity Concentration at Granada Gold Project
Granada Gold Mine Advances On-Site Processing Authorization for Gravity Concentration at Granada Gold Project
Granada Reports Annual General And Special Meeting Results
Granada Gold Mine Engages GoldMinds Geoservices for Mineral Resource Estimate Update Reflecting Current Gold Pricing
Granada Gold Mine Engages GoldMinds Geoservices for Mineral Resource Estimate Update Reflecting Current Gold Pricing
Granada Gold Mine Demonstrates 2.7x Grade Uplift on Open-Pit Mineralization through Ore Sorting at Saskatchewan Research Council
Granada Gold Mine Adopts Semi-Annual Financial Reporting
Granada Gold Mine Clarifies Share Offering Details
Granada Gold Mine Closes Oversubscribed Private Placement Financing
Granada Gold Mine Announces $2.5 Million Private Placement