Cambria Gold Mines (formerly Ascot Resources Ltd., renamed February 2026 following a C$175 million recapitalization completed January 2026) holds the fully permitted, previously-operating Premier Gold mine and mill complex in BC's Golden Triangle. Ascot commissioned the Premier mill and poured first gold in April 2024, but underground mining difficulties -- which the company now attributes to insufficient definition drilling and geological modelling ahead of that production push -- prevented the operation from reaching commercial production, contributing to Ascot's insolvency. Premier is currently on care and maintenance while Cambria runs a 27,000 m infill drilling program to improve resource confidence and completes an updated Feasibility Study (targeted Q4 2026) incorporating Premier alongside the Red Mountain, Big Missouri and Silver Coin deposits. Early-works construction of an approximately 23 km access road to the fully-permitted Red Mountain gold deposit commenced June 2026, prioritized as the company's near-term development focus; a restart of milling operations (drawing first on Red Mountain, later reintegrating Premier as a secondary feed source) is guided to 2027-2028, not before.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.6/10.
Lifecycle Milestones
Construction Milestones
3 of 5 reached- Reached — date not disclosed · Ascot Resources (CAMB's predecessor name -- same corporate entity, TSX:AOT) received the BC Mines Act Permit M-179 for construction and operation of the Premier Gold Project from the BC Ministry of Energy, Mines and Low Carbon Innovation in December 2021, enabling transition from Early Works to full-scale construction. Exact day within December 2021 not confirmed; recorded reached-but-undated. · Source
- Not yet reached
- Reached — date not disclosed · Ascot Resources (CAMB's predecessor name) commenced full-scale construction activities and underground development at Premier in April 2022, following the Dec 2021 Mines Act Permit. Exact day not confirmed; recorded reached-but-undated. · Source
- Apr 2024 · First gold pour at the Premier Gold Project, via the gravity circuit, under Ascot Resources (CAMB's predecessor name). NOTE FOR REPORT: the company subsequently announced care & maintenance of Premier operations in 2024 amid financial difficulties, renamed to Cambria Gold Mines, and has since pivoted its active-construction focus to the separate Red Mountain project (access-road construction only, per a 2026 release) -- flagged here as context, not acted on by changing stage, since stage=PRODUCTION reads as a historical claim ('first production has already happened') under this site's existing convention, which this real, dated first-pour event satisfies regardless of Premier's current operating status. · Source
- Not yet reached
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
President, CEO and Director of Cambria Gold Mines Inc. Geologist and third-generation miner from Stewart, BC, who began his career at Premier Mine; previously led IDM Mining through resource expansion and permitting before its 2019 acquisition by Ascot.
Executive Vice-President of Cambria Gold Mines Inc. Mining executive and Professional Engineer with over 15 years of experience in project development and operations; co-founder of Fuse Advisors and part of the Fiore Group.
Chief Financial Officer of Cambria Gold Mines Inc. Chartered Professional Accountant with more than 25 years of experience including two decades in mining; led finance at Northern Vertex and Northern Graphite.
VP Projects at Cambria Gold Mines Inc. Over 40 years of experience across mining operations and consulting; served as Mining Practice Leader at SRK Consulting and founded Minera Consulting Inc.
VP Exploration at Cambria Gold Mines Inc. Exploration geologist with experience ranging from early-stage grassroots to advanced producing assets; recently worked with Orla Mining's exploration team.
VP Communications and Community Engagement at Cambria Gold Mines Inc. Indigenous senior communications and engagement leader with more than a decade of experience supporting major resource projects.
Vice-President, USA at Cambria Gold Mines Inc. Finance professional with twenty years of capital markets experience including roles at Barrick Mining and UBS. MBA, NYU Stern School of Business.
VP Exploration, USA at Cambria Gold Mines Inc. Multi-disciplinary background spanning all stages of mineral exploration; held regional leadership at Barrick directing exploration across the United States including Nevada Gold Mines.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Checked, with little to show. The Franklin Gold and Precious Metals Fund holds 3.0% as at 31 Jul 2026 -- a genuine precious-metals specialist, but too small a position to carry much weight on its own, and it is the only named holder on the register. No producer or royalty company holds equity. The shares issued to Nebari in July 2026 went to a mining credit fund in connection with its lending, which is a financing outcome rather than an investor choosing to buy in. Institutional ownership is 15% and there are no insider transactions on record.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Combined Premier (Indicated: 1.1 Moz Au, Feb 2020 estimate; no Measured category stated) + Red Mountain (Measured+Indicated: 3.191 Mt at 7.63 g/t Au for 783,000 oz, per the 2020 Feasibility Study) = 1.883 Moz. VINTAGE CAVEAT: this is the resource base underlying the April 2020 combined Premier/Red Mountain Feasibility Study -- the company (then Ascot Resources) subsequently went through CCAA insolvency restructuring and a C$175 million recapitalization completed January 2026, re-emerging as Cambria Gold Mines. A 27,000 m resource-upgrade drill program at Premier was launched in 2026, implying this 2020-vintage figure is due for an update, but it remains the most recent NI 43-101-compliant estimate found in this pass. [Stage review, 2026-08-19]: PRODUCTION -> FEASIBILITY. This is the THIRD time this row's PRODUCTION tag has been flagged as questionable (scripts/backfill-producer-aisc-task247.ts, its own UNSOURCED_GAPS entry, and scripts/backfill-aisc-part1.ts, each time left unresolved) -- resolved here. Cambria's own project page (cambriagold.com/projects/premier/, fetched 2026-08-19) states Premier is currently on care and maintenance ("2026-2027: Premier mine and mill placed on care and maintenance during Red Mountain development"), not producing or selling output. Ascot poured first gold at Premier in April 2024 but underground mining difficulties -- the company attributes these to "the lack of sufficient definition drilling as well as accurate geological modelling prior to production" (Cambria Prew Zone release, https://ca.finance.yahoo.com/news/cambria-gold-mines-announces-24-113000988.html) -- prevented commercial production and contributed to insolvency; a C$175M recapitalization (completed Jan 2026) restructured the company as Cambria Gold Mines. Current 2026 activity is a 27,000 m infill drilling program plus an updated Feasibility Study covering all four deposits (Red Mountain, Big Missouri, Silver Coin, Premier), targeted Q4 2026; mill restart is guided to 2027-2028. Real, current construction-type activity exists -- "Construction has Commenced on Red Mountain Access Road" (Newsfile, 1 Jun 2026, https://www.newsfilecorp.com/release/299511/Cambria-Gold-Mines-Announces-that-Construction-has-Commenced-on-Red-Mountain-Access-Road), an approx. 23 km road, Phase I rebuilding a 13 km road bed -- but this is read as early/enabling infrastructure ahead of the company's own stated gating decision (the Q4 2026 updated FS), not a formal construction decision for the mine restart itself; no citable FID was found, and CONSTRUCTION was rejected specifically to avoid inventing an unevidenced CONSTRUCTION_DECISION milestone row (playbook 7.3 / CLAUDE.md forbid this). FEASIBILITY is the honest ceiling: fully backed by the existing (now-being-updated) combined Premier/Red Mountain Feasibility Study already on file. PERMIT_GRANTED/CONSTRUCTION_START/FIRST_PRODUCTION milestone rows are left untouched as genuine historical facts (Premier really was permitted, built and briefly produced) -- none of the enforced stage-implies-milestone gates apply below CONSTRUCTION, so no gate issue results. currentMilestoneLabel/Date (Red Mountain access road, 2026-06-01) left as-is. stageEnteredAt left null -- no single datable transition point; the regression from PRODUCTION was gradual (2024-2025 insolvency) and the reconstitution (Jan 2026 recapitalization) is a corporate/financing event, not a technical stage transition. See scripts/fix-stage-review-camb-bh6-exn-xtr-mkr.ts for full reasoning, including the HYMC/Hycroft precedent this correction follows (suspended real production -> stage matches the CURRENT standing technical study, not the historical peak). Sources: https://cambriagold.com/projects/premier/ ; https://www.newsfilecorp.com/release/299511/Cambria-Gold-Mines-Announces-that-Construction-has-Commenced-on-Red-Mountain-Access-Road ; https://ca.finance.yahoo.com/news/cambria-gold-mines-announces-24-113000988.html ; https://www.miningnewsnorth.com/story/2026/07/31/northern-neighbors/cambria-defines-prew-zone-gold-structures/9790.html [Task #493 policy note, 2026-08-21] User decision recorded in JuniorMiners_tasks.md under Task #493: Miner.stage represents CURRENT OPERATING REALITY, not "furthest milestone ever evidenced" -- a company that reached production but has since paused/suspended/regressed has stage reflect that regression rather than staying pinned at its historical high-water mark. MinerConstructionMilestone rows are a SEPARATE signal under this policy: historical facts, once true, always true, never edited or deleted to make them agree with a regressed stage. CAMB's FIRST_PRODUCTION milestone (2024-04-22, first gold pour at Premier via the gravity circuit, under predecessor Ascot Resources) is exactly such a fact and remains untouched by this note. The resulting divergence -- a dated/evidenced FIRST_PRODUCTION milestone sitting alongside stage=FEASIBILITY -- is INTENTIONAL under this policy, not an inconsistency or data bug; a future reader/audit pass should not re-flag this shape as unresolved. Fresh re-verification this pass (WebSearch, 2026-08-21): Premier remains on care and maintenance through the Red Mountain development sequence; the 27,000m infill program and an updated Feasibility Study (now reported targeting H2 2026) are the active work; no restart of Premier itself has occurred (sources: cambriagold.com/projects/premier/; miningnewsnorth.com Cambria Premier drilling coverage; mining.com Ascot/Cambria hub-and-spoke coverage, all accessed 2026-08-21). No stage value change results -- the correction already on this row (see note above) holds up. Full task reasoning: scripts/correct-stage-camb-gal-dmi-task493-policy.ts.