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 7.2/10 is stronger than the peer average of 5.3/10.
- Trading within 5% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Construction Milestones
3 of 5 reached- Reached — date not disclosed · Source
- Not yet reached
- Reached — date not disclosed · Source
- Apr 2024 · 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.
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
British Columbia: Fraser PPI 2025 is 74.28 of 100 (rank 31 of 68), which maps to 9 on this site's scale. British Columbia, Canada — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)6.4/10
Confirmed road access at Premier Gold Project (and Red Mountain Project), British Columbia; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)8.2/10
Brucejack (Newmont Corporation) is 48 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 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:5.3/10
Nearest producing mine: Brucejack (Newmont Corporation), 48 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:10/10
Stage: Feasibility Study
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:9/10
Canada: jurisdiction score 9/10
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
President, CEO and Director of Cambria Gold Mines Inc.; also Advisor to Crossroads Gold Corp. 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.; also Advisor to Crossroads Gold Corp. 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
Cambria Gold Mines, formerly Ascot Resources and renamed in February 2026 after a recapitalization completed in January 2026, owns 100% of the fully permitted Premier gold mine and mill complex and the Red Mountain project in British Columbia's Golden Triangle. Premier poured first gold in April 2024 but did not reach commercial production and is on care and maintenance, while construction of a roughly 23 km access road to Red Mountain began in June 2026, with a mill restart guided to 2027-2028. Measured and indicated resources total 1,848,600 oz of gold (543,800 oz measured and 1,304,800 oz indicated) plus 1,249,300 oz inferred, from estimates dated 2019. The April 2020 feasibility study for Premier and Red Mountain shows an after-tax NPV5% of US$259.2M (CAD 341M) and a 51% IRR at US$1,400/oz gold, with initial capital of US$111.4M (CAD 146.6M) and an 8-year mine life, and an updated feasibility study covering four deposits is targeted for the fourth quarter of 2026. In September 2026 Cambria ended a planned spin-out of its Mt Margaret copper-gold deposit in Washington State and kept it in its portfolio.