Probe Gold Inc.
V46.F
Frankfurt Stock Exchange2.24
EUR
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Probe Gold Inc.
V46.F
(Frankfurt Stock Exchange)
Recent
price
2.24
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Probe Gold Inc. Probe Gold Inc. (V46.F) is a Canadian precious metals exploration company focused on the acquisition, exploration, and development of highly prospective gold properties, primarily in Quebec and Ontario. The company holds 100% interest in its flagship multimillion-ounce Novador Gold Project, comprising 202 square kilometers in the Val d’Or East mining camp and hosting key deposits including Monique, Pascalis, Courvan, Beliveau, Bussiere, and Beaufor mines; an early-stage Detour Gold Quebec project contiguous to Agnico Eagle’s Detour Lake Mine with 90 km strike length; and additional properties such as Casa Cameron (Casagosic, Sinclair-Bruneau, Florence), Black Creek, Tamarack-McFauld’s Lake, Victory in James Bay Lowlands, Ontario, Stella, and Bermont Claims adjacent to Monique. These assets feature significant gold resources totaling 6.73 million ounces measured and indicated plus 3.28 million ounces inferred across Val d’Or trends, supported by a district-scale 1,835-square-kilometer land package in prolific gold belts; operations target mining-friendly jurisdictions with low-cost environments, active producers, and existing infrastructure, serving institutional investors and shareholders through resource expansion and project advancement. Founded in 2015 and headquartered at 56 Temperance Street, Suite 1000, Toronto, Ontario, Canada, Probe Gold Inc. changed its name from Probe Metals Inc. in January 2023 following graduation to the Toronto Stock Exchange; the company maintains a lean operation with approximately 27 employees and a strong treasury position in cash with no debt. Recent developments include the March 2024 acquisition of McKenzie Break and Beaufor properties, adding over 2 million ounces of gold resources and 85 square kilometers of prospective ground in Val d’Or; January 2024 acquisition of Bermont Claims for C$4.12 million to consolidate Novador; the January 2024 updated Preliminary Economic Assessment for Novador outlining 255,000 ounces average annual production over 12.6 years, pre-tax NPV5% of C$1.53 billion, and IRR of 34.4%; June 2025 awarding of key engineering contracts to Ausenco for process plant and infrastructure, G Mining Services for open-pit/underground mining, and GHD for tailings/water management to complete the Novador Pre-Feasibility Study by year-end 2025; a 50,000-meter infill drilling program supporting permitting advancements; September 2024 resource update reflecting 77% growth to 6.73 million ounces measured/indicated and 131% to 3.28 million inferred; and the October 30, 2025 definitive agreement for acquisition by Fresnillo plc for C$780 million (C$3.65 per share), expected to close in Q1 2026, providing a 24% premium and marking Fresnillo’s entry into Canadian gold assets.