Banyan Gold Corp.
Banyan's 100%-owned AurMac project hosts a June 2026 resource of 3.64 Moz indicated and 4.98 Moz inferred gold, and the company is targeting a PEA in Q4 2026. Franco-Nevada purchased AurMac's existing underlying NSR for $52.2M.
Lifecycle Milestones
Not in place: mill, tailings facility.
Jurisdiction (40%)8/10
Yukon: Fraser PPI 2025 is 62.19 of 100 (rank 47 of 68), which maps to 8 on this site's scale. Yukon offers stable Canadian rule of law with added complexity from First Nations consultation and remote infrastructure.
Infrastructure (40%)5.7/10
No confirmed mill, confirmed road access, confirmed grid power, and no confirmed tailings facility at AurMac Project, Yukon, Canada.
Nearby producing mine (20%)9.9/10
Keno Hill (Hecla Mining Company) is 21 km away -- within regional-platform range.
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 stake on file; largest strategic holder is Alpayana SAC (8%) See holders
Not an operating producer, so it isn't the toehold-then-takeout pattern the research documents; a missing producer stake isn't held against a company.
Weight 25% - Distance to a producing mineSub-score:7.9/10
Nearest producing mine: Keno Hill (Hecla Mining Company), 21 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - 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% · 31% here - JurisdictionSub-score:8/10
Canada: jurisdiction score 8/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% 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% · 9% 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
P.Eng with an M.Sc. and over 25 years of experience in the Yukon exploration and mining business. Served as President of privately held Gimlex Gold Mines Ltd., one of the Yukon's largest placer mining operations, from 2006 to 2016, and prior to that spent time at Newmont; her family background in Yukon placer mining traces to Gimlex's operations at Scoogie Creek. Has been President and CEO of Banyan Gold Corp. since 2016, and also serves on the boards of Osisko Metals and Western Copper and Gold, as a former board member of PDAC and AMEBC, and as a founding board member of the Yukon Environmental and Socio-Economic Assessment Board (2004-2016).
Director of Banyan Gold Corp. 18+ years in Canadian investment banking, serving as Managing Director of Investment Banking at Wellington West Capital Markets, Scotia Capital, and BMO Capital Markets, advising on mining, fertilizer, and industrial-products transactions. Later President and CEO of GT Gold, where he brought in Newmont Corporation as a strategic investor, and previously VP Business Development at Richmont Mines (acquired by Alamos Gold for US$770 million in November 2017). Appointed Interim CEO of Angus Gold in April 2021, stepping down in June 2023 while remaining a director. Holds an MBA from York University's Schulich School and is a CFA charterholder.
Registered professional engineer (P.Eng, BC) with an MBA from La Trobe University and a Bachelor of Mining Engineering from the Western Australian School of Mines. Served as VP Corporate Development at Nevsun Resources from 2017 until its 2018 acquisition by Zijin Mining Group for $1.9 billion. Was President & CEO of Tarsis Resources (now Alianza Minerals) from 2007-2015, concurrently VP Mining at Almaden Minerals from 2006-2011, and earlier held senior management roles at Placer Dome and WMC. Joined Banyan Gold's board in February 2022.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Banyan's long-time corporate backer no longer owns a share. Victoria Gold, which held the AurMac ground and a large stake in Banyan, collapsed into receivership in 2024, and its receiver sold every Banyan share it held by 15 Oct 2025 -- while Banyan itself bought out the remaining AurMac interests from the estate and closed a 100% earn-in in September 2025. Alexco Resource, which paid cash for its stake in July 2020, no longer appears on Banyan's own shareholder register -- the company's September 2026 corporate presentation instead names Alpayana SAC as a new ~8% strategic shareholder. The Franklin Gold and Precious Metals Fund, a dedicated gold fund, held 4.43% as at 31 Jul 2026.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Banyan Gold is advancing its 100%-owned AurMac gold project in Yukon, Canada. The updated resource (effective 15 May 2026) contains 3,640,000 oz of indicated gold (167.3 Mt at 0.68 g/t), with no measured category, plus 4,980,000 oz inferred at 0.58 g/t, all within pit constraints at a 0.30 g/t cut-off. Franco-Nevada has bought the existing underlying net smelter return royalty on AurMac, and Banyan is targeting a preliminary economic assessment in Q4 2026.
AurMac Project (Yukon), 100%-owned: June 2026 resource of 3.639 Moz Indicated (167.3 Mt @ 0.68 g/t) + 4.985 Moz Inferred (267.2 Mt @ 0.58 g/t) gold. Maiden PEA targeted Q4 2026 (AMC Mining Consultants, Lycopodium, BGC Engineering engaged) -- no NPV/IRR/mine-life exists yet. Franco-Nevada holds AurMac's underlying NSR (purchased for $52.2M).
Statement of Financial Position (CAD): Liabilities consist of accounts payable/accrued liabilities, flow-through premium liability, and deferred income tax liabilities only. No loans, notes payable, or borrowings line item.