Spanish Mountain Gold Ltd.
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- George Peter Mah
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 1095 West Pender Street Vancouver BC Canada V6E 2M6
- IPO Date
- Jun 25, 2008
- CIK
- 0001337090
- Website
- spanishmountaingold.com
- Similar Companies
- Business
- Spanish Mountain Gold Ltd. is a Canada-based exploration-stage company engaged in the acquisition, exploration, and development of mineral properties with a focus on advancing its 100%-owned Spanish Mountain Gold Project in the Cariboo region of south-central British Columbia. The company holds approximately 51 contiguous mineral claims and 13 placer claims spanning 10,414 hectares located six kilometers from Likely, British Columbia, and 70 kilometers northeast of Williams Lake; its primary asset targets open-pit gold mining with a planned 26,000 tpd milling operation, 24.5-year mine life, average annual production of 122,000 ounces of gold at 0.46 g/t head grade and 89.3% recovery, total life-of-mine gold production of 3.0 million ounces and silver of 2.1 million ounces, initial capital expenditures of C$1,250 million, and all-in sustaining costs of US$1,338 per ounce under base case metal prices of US$2,450 per ounce gold. Incorporated in 1996 and headquartered at Suite 910, 1111 Melville Street, Vancouver, British Columbia, the company operates through its wholly owned subsidiary Wildrose Resources Ltd. and trades on the TSX Venture Exchange under the symbol SPA, Frankfurt Stock Exchange as S3Y, and OTCQB as SPAUF or SPAZF. Recent developments include the July 3, 2025, release of an updated Preliminary Economic Assessment demonstrating after-tax NPV5% of C$1.0 billion at US$2,450 per ounce gold and C$2.3 billion at spot US$3,300 per ounce, 18.2% IRR, 3.4-year payback, and average first-five-year free cash flow of C$311 million; the August 18, 2025, filing of the associated NI 43-101 Technical Report incorporating 2024 drilling results, enhanced pit scenarios, power efficiency studies, and the inaugural Phoenix Deposit inferred resource; the August 27, 2025, closing of a C$7.2 million brokered private placement; a July 22, 2025, debt settlement with Whittle Consulting Ltd. via 2,110,919 shares and C$14,320 cash; and ongoing 2025 fall and winter drill programs reporting high-grade intercepts such as 0.82 g/t gold over 139.82 meters on December 1, 2025, and 1.16 g/t over 35.16 meters on November 17, 2025, aimed at resource expansion and targeting construction by end-2027 with emphasis on sustainable low-carbon operations.
Company News
Spanish Mountain Gold Expands Near Surface Mineralization Intersecting 295.50 Metres of 0.54 G/T Gold Including a Higher Grade Interval of 107.00 Meters of 0.93 G/T Gold as Part of Its Feasibility Study Drill Program
Spanish Mountain Gold Reports on Environmental Assessment Status and Provides Update on First Nations Engagement
Spanish Mountain Gold Announces Uplift in Scale and Value at Its B.C. Gold Project and Receives Confirmation From Provincial Regulators to Resume the Previously Paused Environmental Assessment and Permitting Process Advancing Towards Development
Spanish Mountain Gold Expands Mineralization Intersecting 252.3 Meters of 0.82 g/t Gold Including 93.5 Meters of 1.32 g/t Gold as Part of Its Feasibility Study Drill Program
Spanish Mountain Gold Expands Orca Fault Mineralization Intersecting 80.15 Metres of 0.83 g/t Gold Including 27.2 Metres of 1.92 g/t Gold as Part of Its Feasibility Study Drill Program
Spanish Mountain Gold Reports 69.20 Metres of 0.74 g/t Gold and 77.85 Metres of 0.70 g/t Gold as Part of Its Feasibility Study Drill Program
Spanish Mountain Gold Reports 100 Metres of 1.00 Gram Per Tonne Gold as Part of Its Feasibility Study Drill Program
Spanish Mountain Gold Drills Multiple 100-Metre-Plus Intercepts Including 116 Metres Grading 0.60 g/t Gold Confirming Grade Continuity Along the Orca Fault Corridor
Spanish Mountain Gold Drilling Intersects 116.80 Metres of 1.20 G/T Gold Within Larger Interval of 282.50 Metres Grading 0.70 G/T Gold
Spanish Mountain Gold Receives Positive Particle Ore Sorting Results for the Phoenix Deposit Highlighting Production Upside
Spanish Mountain Gold Signs Memorandum of Understanding With Metso, Canada Inc.
Spanish Mountain Gold Drilling Intersects 205.87 Metres Grading 0.58 G/T Gold, 142.00 Metres of 0.77 G/T Gold, and 69.40 Metres of 0.99 G/T Gold in Three Separate Drill Holes Containing Numberous Higher-Grade Sub-Intervals
Spanish Mountain Gold Drilling Intersects 103.35 Metres Grading 0.88 g/t Gold With a Higher-Grade Subset of 56.40 Metres of 1.35 g/t Gold
Spanish Mountain Gold Drilling Intersects 133.57 Metres Grading 1.35 g/t Gold With a Higher-Grade Subset of 25.47 Metres of 4.28 g/t Gold
Spanish Mountain Gold Announces Change of Auditor for Fiscal 2025
Spanish Mountain Gold Initiates Ore Sorting Work on Gold Mineralization
Spanish Mountain Gold Announces 9-10,000 Metre Drill Program
Spanish Mountain upsizes investment round to C$6m after strong investor demand
Spanish Mountain Gold Revises and Upsizes Brokered Private Placement for up to C$6,000,000
Spanish Mountain Gold launches C$5M private placement for BC gold project