- CEO
- Joseph Andrew Hamilton
- Full Time Employees
- 105
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 401 Bay Street Toronto ON Canada M5H 2Y4
- IPO Date
- Jan 5, 2010
- Business
- Unigold Inc. is a Canadian mineral exploration company primarily engaged in the exploration and development of gold assets in the Dominican Republic. The company’s core products and services include the exploration and potential development of gold, silver, copper, and zinc deposits, with a focus on its flagship Candelones oxide gold deposit and the Neita Norte and Neita Sur concessions, where it holds 100% exploration rights. Unigold specializes in advancing the oxide portion of its projects for initial development while expanding deeper sulphide resources through ongoing drilling programs. It operates primarily in the Dajabon province and northwestern regions of the Dominican Republic, targeting gold systems across its extensive concession areas. Founded in 1990 and headquartered in Toronto, Canada, Unigold is listed on the TSX Venture Exchange (UGD), OTCQX (UGDIF), and the Frankfurt Stock Exchange (UGB1).
In terms of recent major company changes, Unigold has entered a significant joint venture agreement with Barrick Gold Corporation to explore and potentially develop the Neita Norte concession, with Barrick committing approximately $12 million over eight years to exploration and feasibility studies. This partnership brings enhanced expertise and exploration resources to Unigold while allowing it to focus on developing the Candelones oxide gold deposit. The company has also advanced applications for exploitation concessions within its properties, notably receiving the Neita Norte Concession in Q2 2023 and pending approval for the Neita Sur Concession. Additionally, Unigold has completed several funding rounds to support project expansion and exploration activities, including private placements totaling several million dollars in 2024. The company's strategic developments emphasize phased project advancement alongside expanding resource potential through both internal efforts and collaboration with industry leaders.
Unigold operates within the gold and base metals mining exploration industry, targeting institutional and mining sector investors interested in undervalued precious metals assets with exploration upside in politically stable jurisdictions. The company’s business segments include exploration, resource development, and potential mining operations, with a geographic focus strictly on the Dominican Republic's mineral-rich zones. Its main assets comprise the Neita property (covering over 21,000 hectares) and the Candelones oxide project, which benefits from favorable weathering conditions that expose mineralization at surface. Unigold’s strong regional presence is complemented by strategic partnerships and local investor support, positioning it for growth in gold exploration and development markets.
Unigold Inc. maintains its head office in Toronto, Canada, and manages all operations through its wholly-owned subsidiaries or concession holdings in the Dominican Republic. The company’s governance and management team have overseen the transition through permitting challenges and ongoing exploration to position Unigold as a junior mining company with a potentially rewarding phased development approach, emphasizing near-term oxide gold production progressing towards larger sulfide resource exploitation.
Overall, Unigold Inc. is a mineral exploration company focused on gold and associated base metals exploration and development in the Dominican Republic, recently strengthened by a strategic joint venture with Barrick Gold and accelerated project funding and concession approvals, aiming to advance its flagship Candelones project towards production while expanding its resource base through systematic exploration programs.