Loncor Gold Inc.
LN.TO
Toronto Stock Exchange1.38
CAD
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Loncor Gold Inc.
LN.TO
(Toronto Stock Exchange)
Recent
price
1.38
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Loncor Gold Inc. is a Canadian gold exploration company primarily engaged in the acquisition, exploration, and development of precious metal projects in the Democratic Republic of the Congo (DRC). The company's core operations focus on its flagship Imbo project, which comprises mining licenses covering significant portions of the Ngayu Archaean Greenstone Belt in northeastern DRC. The main asset within this project is the Adumbi gold deposit, where Loncor holds an 84.68% interest, featuring indicated resources of approximately 1.88 million ounces of gold and inferred resources of about 2.09 million ounces. Loncor specializes in high-grade gold exploration and development, targeting expansion of resources through ongoing deep drilling programs. The company was founded in 1993 and is headquartered in Toronto, Canada. Recent major changes include a definitive arrangement agreement for acquisition by Chengtun Mining Group Co., Ltd., a Chinese mining company, valued at approximately C$261 million. This transaction, expected to complete in early 2026 pending shareholder and regulatory approvals, reflects a strategic shift by Loncor towards realizing shareholder value and mitigating development and political risks through integration with Chengtun's operational and capital resources. This deal provides Loncor access to Chengtun's technical expertise and capital to advance the Adumbi deposit and other assets within the Imbo project. In 2025, the company also executed successful private placements raising gross proceeds up to C$8 million to fund exploration and corporate activities. Additionally, Loncor has increased drilling capacity at Adumbi, confirming high-grade mineralization near a neighboring major operation, the Kibali Gold Mine managed by Barrick Gold. Loncor operates within the materials sector, targeting gold and other precious metals with a focus on resource delineation and development in African mining jurisdictions, particularly the DRC. The company maintains an active investor communications program and emphasizes strategic positioning within the growing global precious metals market. Its recent repositioning through the Chengtun acquisition aims to accelerate project development and expand its presence in Africa’s gold mining industry.
Update on shareholding in Loncor Gold Inc.