- Business
- P2 Gold Inc. is a Vancouver-based mineral exploration and development company focused on advancing its gold-copper Gabbs Project, located on the Walker Lane Trend in Nevada, United States. The company primarily explores for gold, copper, and silver deposits, holding a 100% interest in the Gabbs project, which comprises 543 unpatented lode mining claims and one patented lode mining claim covering approximately 4,500 hectares. P2 Gold also advances exploration at its BAM property in British Columbia’s Golden Triangle, where recent discoveries indicate expansion potential. Founded in 2017 and headquartered in Vancouver, Canada, P2 Gold operates within the precious metals mining industry.
The company's core products and services include exploration and development of gold, copper, and silver deposits; specifically, it focuses on the Gabbs gold-copper project with an Inferred Mineral Resource of 1.84 million ounces gold-equivalent. The company also engages in applying advanced metallurgical processes, notably Sulfidization, Acidification, Recovery, Recycling, and Thickening (SART) technology, to enhance metal recoveries and leach kinetics, which improve project economics. P2 Gold plans to develop a long-life mid-sized mine at Gabbs, projecting annual production of over 100,000 ounces of gold and 13,500 tonnes of copper over a 14.2-year mine life.
Recent major changes include publishing a positive 2025 Preliminary Economic Assessment (PEA) for the Gabbs project, highlighting strong project economics and increased metal recoveries following metallurgical improvements. The company closed a significant non-brokered private placement financing in 2025, raising nearly CAD 6 million in the first tranche to fund drilling, permitting, and feasibility studies. Operationally, P2 Gold restructured payment terms for the acquisition of the Gabbs project to strengthen its financial position, receiving TSX Venture Exchange approval. The company also terminated a previous acquisition agreement with Eskay Mining but continues to collaborate through an exploration services agreement. P2 Gold aims to expand its gold equivalent resource and progress towards production readiness at Gabbs, supported by technological innovations and strategic funding initiatives.
Key executives include President and CEO Joseph Ovsenek, under whose leadership the company applies a modern exploration and development approach across its Nevada and British Columbia projects. P2 Gold’s strategic focus on combined gold and copper recovery, along with sustained exploration efforts, positions it as an emerging precious metals producer in leading mining jurisdictions in North America. The company trades on the TSX Venture Exchange under the ticker PGLD and on the OTCQB as PGLDF.