Cadillac Mines CorporationC
Cadillac Mines Corporation (TSX: CADY, formerly Gold Candle Ltd.) is a Canadian gold and critical-minerals explorer advancing a portfolio along the prolific Cadillac-Larder Lake Break in Ontario and Quebec, chaired by Pierre Lassonde (mining financier, co-founder of Franco-Nevada Corporation). Its flagship is the past-producing Kerr-Addison open-pit gold mine (Ontario), which it has been actively expanding via infill and step-out drilling -- an August 2026 release reported 2.13 g/t Au over 38.2 m within the 2026 mineral resource pit. The portfolio also includes the Geminid nickel sulphide project (an updated resource estimate, expected to show higher grade and tonnage after further drilling, was targeted for Q2 2026), the newly-acquired Galloway property, and the pending Larder property acquisition. Cadillac completed an upsized C$385 million initial public offering on the TSX on 5 August 2026 (18.8M common shares + 6.3M flow-through shares at C$6.90-9.52, plus a C$6.90 secondary offering), part of a broader 2026 rebound in Canadian mining IPOs. The company's 2026 drilling program is its largest ever (~C$65M budget, ~145,000 m across 11 rigs).
Notable vs. Peers
- Trading within 2% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill.
Jurisdiction (40%)9/10
Ontario: Fraser PPI 2025 is 93.70 of 100 (rank 5 of 68), which maps to 9 on this site's scale. Ontario/Quebec, Canada -- the Cadillac-Larder Lake Break -- top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)8.6/10
Confirmed road access, confirmed grid power, and a confirmed tailings facility at Kerr-Addison Project, Cadillac-Larder Lake Break, Ontario; existing mill not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)8.9/10
Macassa (Agnico Eagle Mines Limited) is 37 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:8.8/10
Agnico Eagle Mines Limited holds 11.09% (reported 5 Aug 2026) See holders
An operating producer's stake scores 8 at 5%, rising to 10 at 20% (the take-over-bid threshold) and holding there up to 50%.
Weight 25% · 34% here - Distance to a producing mineSub-score:6.3/10
Nearest producing mine: Macassa (Agnico Eagle Mines Limited), 37 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 31% 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% · 20% 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% · 9% 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% · 6% 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
Chairman of Cadillac Mines Corporation. Co-founder of Franco-Nevada Corporation and one of the best-known financiers in the gold-royalty and junior-mining sector, past chairman of the World Gold Council and Franco-Nevada. Makes personal, disclosed equity investments (open-market purchases and private placements) in junior mining companies alongside his royalty-sector reputation, filing early warning reports as his stakes cross disclosure thresholds.
President and Chief Operating Officer of Cadillac Mines Corporation. Previously General Manager at Alamos Gold's Young-Davidson mine.
Director of Cadillac Mines Corporation, appointed September 2026; also Director (Non-Independent) of Coeur Mining, Inc. Mineral processing professional with 40+ years of international operating and project development experience (Mineral Processing degree, Abitibi-Temiscamingue College, 1984; Advanced Executive Certificate in Management, Queen's University, 2016). Chairman of Radisson Mining Resources Inc.
Chief Executive Officer and Director of Cadillac Mines Corporation. Mining engineer (B.A.Sc. Hons. Mining Engineering, Queen's University) and Professional Engineer with 40+ years in operations, project development and corporate leadership. President and CEO of Dundee Precious Metals from April 2013 until stepping down at its May 2020 AGM, leading it from a junior gold producer to a multi-asset mid-tier gold producer. President and CEO of Reunion Gold Corporation from January 2023 until its 2024 acquisition. Currently Chairman of Torex Gold Resources Inc. Named Outstanding Innovator of 2016 by the International Mining Technology Hall of Fame.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Cadillac Mines, formerly Gold Candle and chaired by Pierre Lassonde, explores along the Cadillac-Larder Lake Break in Ontario and Quebec; its flagship is the past-producing Kerr-Addison open-pit gold mine in Ontario. The Kerr-Addison resource effective 27 February 2026 is 3,384,000 oz of indicated gold (78.5 Mt at 1.34 g/t), with no measured category, plus 2,210,000 oz inferred at 2.66 g/t. The portfolio also includes the Geminid nickel sulphide project, with an inferred resource of 218 million lb of nickel, and the Galloway and Larder properties, whose historical estimates the company does not treat as current; the Larder acquisition from Pan American Silver closed on 15 September 2026. Cadillac completed an upsized C$385M initial public offering on the TSX on 5 August 2026 and was running its largest drilling programme in 2026, about 145,000 m with 11 rigs. No economic study has been published for Kerr-Addison or Geminid.
No reports or presentations linked yet.