Probe Gold Inc.
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- Probe Gold Inc. (Ticker: PROBF) is a Canadian precious metals exploration company focused on the acquisition, exploration, and development of highly prospective gold properties, primarily in Quebec. The company holds a district-scale portfolio including its flagship 100%-owned Novador Gold Project encompassing 436 square kilometers in the Val-d'Or mining camp with multimillion-ounce measured and indicated resources across the Monique, Pascalis, Courvan, and newly incorporated McKenzie Break and Beaufor trends; an early-stage Detour Quebec project contiguous to Agnico Eagle's Detour Gold Mine featuring 90 kilometers of strike length and a joint venture with Midland Exploration on the La Peltrie copper-gold-silver-molybdenum system; and additional Val-d'Or East properties such as the Stella, Bermont Claims, and Casa Cameron properties. Operations target open-pit and underground gold mining opportunities in mining-friendly jurisdictions, serving institutional investors and leveraging robust infrastructure in the Abitibi Greenstone Belt. Founded in 2015 and headquartered in Toronto, Ontario, Probe Gold maintains extensive landholdings of approximately 1,835 square kilometers across Quebec's prolific gold belts and northern Ontario's James Bay Lowlands, with no debt and a strong treasury exceeding C$25 million as of late 2024. Recent developments include the acquisition of the McKenzie Break and Beaufor properties in March 2024, adding over 2 million ounces of gold resources and consolidating holdings around Novador; the updated February 2024 Preliminary Economic Assessment (PEA) for Novador projecting average annual production of 255,000 ounces over a 12.6-year mine life, after-tax NPV5% of C$1.53 billion, and 34.4% IRR; significant resource expansion announced in September 2024 to 6.73 million ounces measured and indicated (77% increase) and 3.28 million ounces inferred (131% increase); completion of the Bermont Claims acquisition in January 2025 adjacent to Monique; advancement of permitting with federal and provincial impact study guidelines received and baseline studies ongoing; and a 50,000-meter infill drilling program supporting a pre-feasibility study expected by end-2025, yielding high-grade intercepts up to 20.4 g/t gold over 5.5 meters. In October 2025, Fresnillo plc signed a definitive agreement to acquire Probe Gold for C$780 million ($558 million) at C$3.65 per share via a statutory plan of arrangement, subject to approvals and expected to close in Q1 2026, with support from Probe's board, officers, and Eldorado Gold (10% owner); this transaction validates Novador's value and positions Fresnillo for expansion beyond Mexico.
Fresnillo Completes Acquisition of Probe Gold
Probe Gold Announces Receipt of Shareholder Approval for Proposed Plan of Arrangement with Fresnillo
Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend Probe Gold Shareholders Vote FOR the Proposed Plan of Arrangement with Fresnillo
Probe Gold (OTCMKTS:PROBF) Trading Down 0.4% – Here’s Why
Probe Gold Announces Filing of Special Meeting Circular and Receipt of Interim Order in Respect of Proposed Plan of Arrangement with Fresnillo
Fresnillo to Acquire Probe Gold for C$780 Million
Probe Gold Announces Infill Drilling Results with Grades Up to 20.4 g/t Au Over 5.5 Metres (cut) at Novador Project, Quebec
Probe Gold Intersects Grades Up to 11.7 g/t Au Over 4.0 Metres in Infill Drilling at Novador Project, Quebec
Probe Gold Announces Results of Annual General Meeting
Probe Gold Intersects Grades Up to 3.1 g/t Au Over 17.0 Metres in Infill Drilling at Novador Project, Quebec
Probe Awards Key Engineering Contracts to Advance Novador Project Pre-Feasibility Study
As Gold Pushes Higher, Junior Miners Begin to Show Signs of Life
Probe Awards EIS Contract; Advances Permitting for Novador Project
Probe Gold Intersects 12.3 g/t Gold Over 20.7 Metres in Infill Drilling at Novador Project, Quebec
Probe Gold Announces Closing of $45 Million Bought Deal Private Placement
Probe Gold Announces Infill Drilling Results with Grades Up to 4.4 g/t Au Over 20.0 Metres at Novador Project, Quebec
Probe Gold Announces Positive Geochemical Results; Confirms Non-Acid-Generating, Non-Leachable Classification for Novador Mine Project Waste Rock and Tailings
Probe Gold Reports MMI Soil Sampling Results for its Detour Quebec Project
Probe Gold Reports Infill Drilling Results with Grades Up to 3.8 g/t Au Over 17.4 Metres (Cut) at the Novador Project, Quebec
Probe Gold Establishes Community Integration Committee