GFG Resources, Inc.
Capital Structure
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in mil. unless spec.Working Capital
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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.Company Description
- CEO
- Brian Skanderbeg
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 640 Broadway Avenue Saskatoon SK Canada S7N 1A9
- IPO Date
- Jun 26, 2012
- Website
- gfgresources.com
- Similar Companies
- Business
- GFG Resources Inc. (TSXV: GFG; OTCQB: GFGSF), a North American precious metals exploration company headquartered in Saskatoon, Saskatchewan, Canada and founded in 2015, engages in the acquisition, exploration and development of gold properties primarily in the prolific Timmins Mining District of Ontario, Canada. The company holds a portfolio of district-scale gold assets, including the flagship Goldarm Property comprising the Montclerg Gold Project, WWCC Property under option to earn 100% interest, and Aljo Mine Project; the Pen Gold Project covering approximately 475 square kilometres between Newmont's Borden Gold project and Pan American Silver's West Timmins Mine; and the Dore Gold Project spanning 205 square kilometres in the Swayze Greenstone Belt near IAMGOLD's Cote Lake project. Operations target high-grade gold vein systems, shear-hosted mineralization and greenfield opportunities in tier-one jurisdictions with extensive infrastructure support. Recent developments include the sale of the Rattlesnake Hills Gold Project in Wyoming to Patriot Gold Vault Ltd. for approximately C$3.3 million in December 2024, providing cash proceeds and retained exposure through equity and milestone payments; multiple flow-through financings in 2025 raising over C$7 million with continued investment from Alamos Gold Inc. maintaining an approximately 11% stake; an exploration agreement with Apitipi Anicinapek Nation in March 2025 for the Goldarm Property including community fund contributions and share issuance; strategic claim acquisitions at Pen Gold Project; and aggressive 2025 drilling programs at Aljo yielding high-grade intercepts such as 6.62 g/t Au over 11.2 metres and 32.70 g/t Au over 0.5 metres, alongside initial results from Pen confirming gold and base metals at multiple targets, supported by a C$200,000 Ontario Junior Exploration Program grant.
Company News
GFG Outlines New Large-Scale Gold-in-Till Anomaly at Goldarm; Expands Regional Exploration Program
GFG and Barrick Sign Strategic Earn-In to Accelerate Exploration at the Pen Gold Project
GFG Discovers District-Scale Gold System at Nahanni with High-Grade Intercepts up to 11.20 g/t Au in First-Pass Drilling
GFG Exercises its Option and Earns 100% in the 6,500-Hectare WWCC Property in the Prolific Timmins Gold District
GFG Grants Stock Options and Announces Upcoming Investor Conferences
GFG Expands Aljo Gold System 150 m East with Step-Out Results of 7.23 g/t Au over 2.0 m as Discovery-Driven Exploration Advances Across Goldarm
GFG Receives Final Payment from the Sale of its Rattlesnake Hills Gold Project
GFG Drills 1.05 g/t Au over 71.0 m including 7.51 g/t Au over 3.0 m at Aljo and Initiates Aggressive Regional Exploration Program at Goldarm
GFG Closes Final Tranche of Financing
GFG Closes First Tranche of Financing
GFG Upsizes Flow-Through Private Placement
GFG Announces C$4.0 Million Flow-Through Private Placement
GFG Receives C$200,000 Grant from the Ontario Junior Exploration Program
GFG Announces Encouraging Phase 1 Drill Results from Pen Gold Project, Ontario
GFG Discovers New Gold Zone in Footwall and Extends Mineralization to Near-Surface at Aljo Gold Project, Timmins, ON
GFG Closes Oversubscribed Financing
GFG Issues Shares to IEP Pursuant to WWCC Gold Property Option Agreement
GFG Upsizes and Amends Previously Announced Flow-Through Private Placement
GFG Announces C$2.5 Million Flow-Through Private Placement
GFG Acquires Claims at Pen Gold Project and Provides Corporate Update