St. Elias Mines Ltd.
SELSF
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St. Elias Mines Ltd.
SELSF
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ROIC.AI
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- St. Elias Mines Ltd. is a Canada-based mineral exploration company focused on the acquisition, exploration, and development of precious and base metal properties, primarily gold projects; it holds 100% interest in the Tesoro Gold Project in southern Peru, a 4,415-hectare property within the Nazca-Ocona gold belt featuring multiple mineralized zones with quartz veins including Zona Central, Zona Este, C1, C2, and A4 veins that have undergone trenching, geophysical surveys, and diamond drilling. The company targets non-ferrous metal ores and natural resource properties, with historical exploration encompassing underground development, pilot production mining, and over 10,000 meters of drilling at Tesoro to delineate reserves. Founded in 1994 and headquartered at 1112 West Pender Street, Suite 920, Vancouver, British Columbia, St. Elias Mines operates principally in Peru and previously held interests in British Columbia properties. Recent developments include the completion of a one-for-100 share consolidation in 2024, reducing outstanding shares from over 117 million to approximately 1.17 million; termination of an option agreement with Amarok Resources Inc. and granting of a new option to Intigold Mines Ltd.; a proposed spin-out of its British Columbia mineral properties to a new entity, Havilah Mines Ltd.; announcement of advanced exploration and development plans for Tesoro; and reporting of full-year earnings results for the fiscal year ended May 31, 2025, amid an auditor's going concern note.