Maple Gold Mines Ltd.
MGM.V
Toronto Stock Exchange Ventures2.68
CAD
+0.01
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Maple Gold Mines Ltd.
MGM.V
(Toronto Stock Exchange Ventures)
Recent
price
2.68
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Maple Gold Mines Ltd. is a Canadian advanced exploration company specializing in the acquisition, exploration, and development of gold properties in Quebec, Canada. It focuses primarily on advancing the district-scale Douay and Joutel gold projects located in the prolific Abitibi Greenstone Gold Belt. The company's core offerings include exploration and development of gold mineral resources, encompassing high-grade gold zones, past-producing mine complexes, and extensive prospective land packages. Maple Gold also holds full ownership of the Morris project in the Matagami mining district and an exclusive option to acquire the Eagle Mine property, contributing to its portfolio of gold assets. The company operates primarily in Quebec, with significant assets including the Douay Gold Project, which hosts over 3 million ounces of gold within a fragmented resource across multiple zones, and the Joutel project, a high-grade, past-producing gold mine complex. The company's exploration strategy involves extensive drill programs aimed at expanding known mineral resources, converting inferred resources into indicated resources, and exploring new discovery potential across a 400 km² land package. In recent major developments, Maple Gold completed a joint venture restructuring transaction with Agnico Eagle Mines Limited in December 2024, acquiring 100% legal title and ownership of the Douay and Joutel gold projects while granting Agnico a 1% net smelter return royalty on certain properties. The strategic partnership with Agnico Eagle, which remains the company's largest shareholder, bolsters Maple Gold's financial position and advances its control over key assets. In 2025, Maple Gold completed an upsized and oversubscribed C$13 million brokered life private placement, strengthening its balance sheet and funding key exploration catalysts through 2026. The company is executing an aggressive drill program with targets to expand high-grade zones and advance resource updates, aiming to unlock the full potential of its large gold district in Quebec. Founded in 2011 and headquartered in Montreal, Canada, Maple Gold Mines Ltd. continues to develop its exploration-stage projects in a top-tier mining jurisdiction, leveraging strategic alliances, robust funding, and operational growth to enhance its footprint in the North American gold mining industry. The company serves institutional investors and the mining sector with a focus on developing economically viable gold resources in Quebec. This description integrates the company's main products, services, geographic focus, and recent operational and strategic changes to comprehensively reflect its current corporate profile.
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