Omineca Mining and Metals Ltd.
0.04
CAD
-0.01
(-20.00%)
ISIN
CA68216T1030
CUSIP
68216T103
Return %
Stock
S&P 500
1Y
-27.27
14.20
3Y
-42.76
81.12
5Y
-73.98
68.34
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Thomas M. MacNeill
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 224-4th Avenue South Saskatoon SK Canada S7K 5M5
- IPO Date
- May 20, 2011
- Website
- ominecaminingandmetals.com
- Similar Companies
- Business
- Omineca Mining and Metals Ltd. is a Canadian junior gold company engaged in the acquisition, exploration, and development of mineral properties with a focus on gold. Its core operations center on its flagship Wingdam gold exploration and placer recovery projects located along the Barkerville Highway, approximately 45 kilometers east of Quesnel in the Cariboo Mining District of south-central British Columbia. The company holds mineral tenures totaling over 61,392 hectares (613 square kilometers) and more than 15 linear kilometers of placer claims encompassing the Lightning Creek valley, a region characterized by thick layers of overburden preserving a buried paleochannel containing placer gold-bearing gravels. Omineca also operates the Fraser Canyon Property, consisting of placer claims and mineral leases north of Quesnel. Its key product offerings and services include placer gold recovery using underground bulk sample mining methods and hard rock exploration through diamond drilling programs aimed at discovering multiple potential lode gold sources beneath the placer deposits. Founded in 2011 and headquartered in Saskatoon, Saskatchewan, Omineca Mining and Metals has recently advanced major strategic initiatives such as restarting its underground placer gold recovery program at Wingdam in early 2025 and expanding its diamond drilling exploration program to better define potential lode gold sources. In late 2024, the company successfully completed a $2.4 million brokered financing of flow-through units to support and expand its lode gold drilling efforts. Furthermore, it amended and reactivated a joint venture agreement with D&L Mining, which resumed placer gold production activities, with updated payment terms based on gold ounces produced. The company also applied for an extension of its outstanding common share purchase warrants’ expiry date to November 2027 to maintain capital flexibility. Omineca’s business segments primarily cover junior gold mining and exploration, targeting placer and hard rock gold deposits with a dual-track approach of bulk placer gold sampling alongside systematic hard rock diamond drilling. Its exploration focus lies in the Cariboo Mining District, a historically significant and prospective gold region in British Columbia. The company operates with a lean corporate structure supported by ongoing resource delineation and production development programs aimed at increasing resource conversion and advancing its Wingdam property toward production readiness. Omineca’s corporate strategy emphasizes exploration-driven growth supported by financing initiatives and strategic partnerships to leverage its placer and lode gold assets. The company’s partnerships and operational structure include a joint venture with D&L Mining for underground placer gold recovery, and it continues an aggressive exploration campaign with a second drill rig deployed to accelerate resource definition. Omineca’s activities are aligned with provincial mining regulations and supported by qualified geologists overseeing exploration programs. The company’s strategic emphasis on expanding its gold resource base through both surface and underground activities demonstrates its commitment to unlocking value from the multi-faceted Wingdam gold project and surrounding property holdings. Omineca Mining and Metals Ltd. is listed on the TSX Venture Exchange under the ticker OMM.V and maintains its corporate headquarters at 602-224 4th Ave South, Saskatoon, Saskatchewan, Canada.
Company News
Omineca Announces Hard Rock Gold Discovery at Wingdam Exploration Project, Including 4.84 g/t Gold Over 1.07 Meters and 1.25 g/t Gold Over 2.0 Meters
Omineca's Mining Partner PSI Submits Application to Dewater the Fraser Canyon Placer Gold Recovery Project
CORRECTION: Omineca Continues Operations Underground at Wingdam Paleoplacer Gold Project; Receives First Nations Letter of Support
Omineca Continues Operations Underground at Wingdam Paleoplacer Gold Project; Receives First Nations Letter of Support
Omineca Announces the Passing of D&L Mining's Mr. David Dutcyvich
Omineca Signs MOU To Fully Fund Fraser Canyon, The Company's Second Placer Gold Recovery and Exploration Project
Omineca Provides Operational Update of Placer Gold Recovery at Wingdam