West Vault Mining Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Sandy McVey
- Full Time Employees
- 1
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 1100 Melville Street Vancouver BC Canada V6E 4A6
- IPO Date
- Aug 3, 2012
- Website
- westvaultmining.com
- Similar Companies
- Business
- West Vault Mining Inc. West Vault Mining Inc. is a Canada-based mineral exploration and development company focused on acquiring, advancing, and monetizing high-quality gold projects in premier North American jurisdictions, particularly Nevada's Walker Lane gold trend; its flagship asset is the fully permitted Hasbrouck Gold Project, comprising the Three Hills Mine and Hasbrouck Mine deposits, supported by a 10,500-acre land package with Proven and Probable Mineral Reserves of 753,000 ounces of gold and 10.5 million ounces of silver across 44 million tons at 0.017 ounces gold per ton; the project employs run-of-mine heap-leach processing at Three Hills and crushed ore heap-leaching at Hasbrouck, with metallurgical recoveries averaging 75% for gold, low strip ratios of 1.1:1, and infrastructure advantages including grid power access, highways, and water rights. The company holds a 1.1% net smelter return royalty on the project acquired from Newmont Corporation Newmont Corporation in 2017 and entered a 1.41% gold and silver stream agreement with Sprott Private Resource Streaming and Royalty Corp. in 2021 for US$6 million upfront, effectively equivalent to a 1.13% NSR after purchase deposits. Founded in 2010 and headquartered in Vancouver, British Columbia, West Vault Mining Inc. operates with a low-risk, cash-conservative strategy emphasizing minimal dilution, low holding costs of approximately US$1 million annually, and shareholder returns via normal course issuer bids; it consolidated 100% ownership of Hasbrouck in 2020 by acquiring the remaining 25% interest from Waterton for US$10 million and shares, updated its pre-feasibility study in January 2023 reporting a base-case after-tax NPV5% of US$206 million and 51% IRR at US$1,790 gold, secured multiple water right leases including a third 30-year agreement for 362 acre-feet annually with Tonopah Divide Mining Company effective July 2024 and a 1% NSR royalty on adjacent southeast lands in October 2023, and renewed its normal course issuer bid in May 2024 allowing repurchases of up to 2.9 million shares.
West Vault Announces That IBN Engagement Did Not Proceed
IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Sandy McVey, CEO of West Vault Mining Inc.
West Vault Announces Grant of Stock Options
West Vault Announces Positive Results of Annual Meeting of Shareholders
West Vault Announces Grant of Share-Based Awards
West Vault Announces Resignation and Appointment of Director
West Vault Announces Normal Course Issuer Bid
West Vault Mining Granted 1% Royalty on Prospective Property Adjacent to Hasbrouck, Nevada
West Vault Provides an Update on the Hasbrouck Gold Project, Nevada
West Vault Announces Resignation of President and CEO and Appointment of Interim CEO
West Vault Announces Positive Results of Annual Meeting of Shareholders
West Vault Enters US $7.3 Million Gold and Silver Stream Agreement with Sprott
A New Look For A New Gold Run With West Vault Mining