Bonterra Resources Inc.
Bonterra Resources holds the Gladiator, Moroy and Barry gold deposits alongside the fully permitted Bachelor Mill near Desmaraisville, Quebec. The company recently grew its measured and indicated resources 42% and is working to advance the project toward a mining restart using its existing permitted infrastructure.
Notable vs. Peers
- Financials score of 1.8/10 is weaker than the peer average of 5.3/10.
Lifecycle Milestones
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
Jurisdiction (40%)9/10
Quebec: Fraser PPI 2025 is 79.39 of 100 (rank 23 of 68), which maps to 9 on this site's scale. Quebec, Canada — established mining jurisdiction; the company already owns a fully permitted local mill.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Phoenix JV: Barry and Gladiator Deposits (Urban-Barry), Quebec, Canada (checked Oct 2, 2026; recheck due Mar 31, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Professional mining engineer with 30+ years in open-pit and underground gold mining. Was Vice President of Operations at St Andrew Goldfields until its 2016 acquisition by Kirkland Lake Gold, bringing three underground mines and one open-pit mine into production in under five years. Subsequently served as COO at Wesdome Gold Mines, restarting the Kiena mine and boosting Eagle mine production to roughly 100,000 oz/year, then as President and CEO of Bonterra Resources starting in 2021.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Gold Fields is spending real money on Bonterra's ground. Under the Phoenix JV — signed with Osisko Mining in November 2023 and inherited by Gold Fields when it bought Osisko for C$2.16 billion in October 2024 — Gold Fields can earn 70% by incurring C$30 million of work expenditures, at least C$10 million a year, with the remainder due by November 2026. In May 2026 it elected to fold Bonterra's Barry mining lease into the JV for no extra consideration, which is a partner leaning in rather than winding down. Gold Fields holds no shares in Bonterra itself, and the only named holder in our data is a Van Eck index line from 2020.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Bonterra Resources owns four gold deposits near Desmaraisville in Quebec, Barry and Gladiator in the Phoenix joint venture and Bachelor and Moroy in its Desmaraisville South project, together with the permitted Bachelor Mill. Resource estimates effective 18 February 2026 total 1,629,000 oz of gold in the measured and indicated categories, 423,000 oz measured and 1,207,000 oz indicated, plus 2,166,000 oz inferred; Barry and Gladiator hold 1,401,000 oz of the measured and indicated total and Bachelor and Moroy 228,000 oz. Bonterra holds 100% of all four deposits today, but Gold Fields can earn a 70% interest in the Phoenix joint venture by spending C$30 million on or before November 2026, more than C$25 million of it had been spent by September 2026, and on completion Bonterra would hold 30%. In August and September 2026 the company closed a rights offering for gross proceeds of C$20,418,526.68 and repaid its C$5 million credit facility ahead of maturity, and it plans to advance the deposits toward a mining restart using its existing permitted infrastructure.