Paycore Minerals Inc.
PYCMF
Other OTC1.65
USD
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Paycore Minerals Inc.
PYCMF
(Other OTC)
Recent
price
1.65
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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
FRC
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in mil. unless spec.- Similar Companies
- Business
- Paycore Minerals Inc. Paycore Minerals Inc. (PYCMF) is a Canada-based junior mineral exploration company focused on the acquisition, evaluation, and exploration of gold and poly-metallic properties, including gold, silver, lead, and zinc deposits; it holds a 100% interest in the FAD Property, a high-grade polymetallic carbonate replacement deposit (CRD) located on the Battle Mountain-Eureka Gold Trend in Eureka County, Nevada, USA, featuring a historical resource of 3.54 million tonnes grading 5.14 g/t gold, 196 g/t silver, 8.0% zinc, and 3.8% lead, with near-surface oxide gold mineralization potential overlooked by prior operators. Founded through a 2022 qualifying transaction involving the reverse takeover of Aardvark Capital Corp. by GoldCo and headquartered in Toronto, Ontario, the company targets the prolific Eureka District, historically producing high-grade CRDs, with operations centered on delineating and expanding the FAD Main Zone and adjacent step-out targets along the Jackson-Holly Fault structure. In its most significant recent development, Paycore Minerals was acquired by i-80 Gold Corp. in May 2023 via a plan of arrangement, with shareholders receiving 0.68 i-80 shares per Paycore share, consolidating the FAD deposit adjoining i-80's Ruby Hill Property and integrating it into broader polymetallic exploration and development plans, including a 2025 high-grade mineral resource estimate update based on over 11,000 meters of prior Paycore drilling that confirmed extensions such as 14.8 meters at 18.5 g/t AuEq; prior to the acquisition, Paycore completed a 16,000-meter drill program in 2022-2023, an upsized $16 million bought deal financing in early 2023, and uplisting to the TSX Venture Exchange main board under ticker CORE.V.