JUNIORMETRICS

Carlin Gold Corporation

CGDCF·CGD·US$0.92 (CAD 1.30)·US$28.1M cap
Goldalso:Cortez Summit Project (Nevada, USA) Map

Carlin Gold Corporation is a Carlin-type gold explorer with three 100%-owned Nevada properties. The Cortez Summit Project covers 11 sq km contiguous with Barrick Mining Corporation/Nevada Gold Mines on all sides, ~1km east of the high-grade Fourmile resource and ~1.4km northeast of the Goldrush operation. The Willow property (89 unpatented claims, northeast Nevada) sits northwest of Newmont's 2.6Moz Long Canyon gold deposit in the Pequop Mountains. The IVY Property (49 unpatented claims, Contact Mining District, Elko County) was acquired Oct 2023 for US$25,000 cash plus a 1% NSR on gold/silver and 0.75% on other metals, and hosts copper-gold mineralization alongside the company's Carlin-style gold targets. Management/board changes were announced Jul 2026. No NI 43-101 resource estimate has been published for any property.

Notable vs. Peers

  • Financials score of 7/10 is stronger than the peer average of 5.3/10.

Lifecycle Milestones

GrassrootsCurrent
Resource Def.
PEA
PFS
Feasibility
Permitting
Construction
Production
5.1/10
Weak track recordStrong track record
5.1/10 vs.
7/10
Thin runwayWell-capitalized
7/10 vs.
How this is calculated
Not yet researched
Weaker depositStronger deposit
How this is calculated
6.6/10
Harder place to buildEasier place to build
6.6/10 vs.
What goes into it
  • Jurisdiction (40%)9/10

    Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. Nevada, USA -- Tier-1 mining jurisdiction.

  • 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 Cortez Summit Project, Nevada, USA (checked Sep 26, 2026; recheck due Mar 25, 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.

5.9/10
Weaker profileStronger profile
5.9/10 vs.
Price Chart
$0.122$0.416$0.215$0.574$0.947AugDecMarJulOct
Aug 12, 2025 – Oct 20, 2026
News
$0.92
+370.2%from low-30%from high
$0.20$1.32
See who ↓
48.6%
Low alignmentHigh alignment
48.6% vs.
See who ↓
0%
Low alignmentHigh alignment
0% vs.
$28.1M
Far belowFar above
$28.1M vs. $21.9M peer median
Price (USD - Local)
US$0.92 (CAD 1.30)
Cash Position (USD)
$1.9M
Far belowFar above
$1.9M vs. $3.4M peer median
Debt (USD)
Far aboveFar below
$0 vs. $0 peer median
$26.2M
Far belowFar above
$26.2M vs. $19.4M peer median
30.4M
Far aboveFar below
30.4M vs. 154.2M peer median
Jurisdiction
United States
Grassroots exploration, no active mine
48.6%
0%100%
48.6% vs. 12.1% peer median
0%
0%100%
0% vs. 3.3% peer median
-$346.3K
Far belowFar above
-$346.3K vs. -$3.3M peer median
-$0.011
Far belowFar above
-$0.011 vs. -$0.018 peer median

Acquisition Susceptibility

How this is calculated
4.6/10
Unlikely bolt-onFits the takeout profile

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 deal
    Sub-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 stake
    Sub-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 mine
    Sub-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 stage
    Sub-score:
    1/10

    Stage: Grassroots Exploration

    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
  • Jurisdiction
    Sub-score:
    9/10

    United States: jurisdiction score 9/10

    Our jurisdiction score, used as is: higher means lower political and permitting risk.

    Weight 6.75% · 26% here
  • Commodity
    Sub-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.

Overall Score Trend
-37.2% since 2026-08-26 · -37.2% from peak

Your Rankings

Community Sentiment
—SELLINGBUYING
CategoryCommunityYour Ranking
Overall— (0) 
Management— (0) 
Financials— (0) 
Jurisdiction— (0) 
Project Quality— (0) 

Management Team

Director, President and Chief Executive Officer of Carlin Gold Corporation, appointed July 2026 succeeding K. Wayne Livingstone (who remains on the Board as Director). 30 years of capital markets and corporate communications experience; most recently President & CEO of West Point Gold, which he grew from a $6 million to over $80 million market capitalization.

Chairman of the Board of Carlin Gold Corporation; also Chairman of the Board of Angel Wing Metals Inc.

Chief Financial Officer of Mackay Gold & Silver Corp., managing financial operations and corporate strategy for the exploration company; also Chief Financial Officer of Onyx Gold Corp. and Chief Financial Officer & Corporate Secretary of Carlin Gold Corporation.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
2/10

No institutional holder is on record. Two insiders -- a director and a 10%-holder -- have both been buying on the open market through August 2026, with no offsetting selling found.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Carlin Gold explores for Carlin-type gold on three 100%-owned Nevada properties. Its Cortez Summit project covers 11 sq km surrounded on all sides by Nevada Gold Mines ground, about 1km east of the high-grade Fourmile resource and 1.4km north-east of the Goldrush operation; the Willow property, 89 unpatented claims in north-eastern Nevada, sits north-west of Newmont's Long Canyon gold deposit, and the IVY property, 49 claims in the Contact Mining District of Elko County, hosts copper-gold mineralisation. In April 2026 the company closed a private placement of 7,201,834 units, and it also holds strategic shareholdings in Snowline Gold and Fireweed Metals. No NI 43-101 resource has been published for any of its properties.

No reports or presentations linked yet.