JUNIORMETRICS
Gold$4,479.95/oz
Silver$66.98/oz
Copper$6.00/lb

EMC Gold Corporation

EM3·$0.10·$38.5M cap
GoldSalave Gold Project, Asturias, Spain Map

EMC Gold (renamed from Black Dragon Gold Corp, Dec. 2025) owns 100% of Salave, a large underground gold resource (JORC ~1.56-1.57 Moz Au, Feb 2025) at a Roman-era mine site in northern Spain -- one of Europe's largest undeveloped gold deposits. The company appointed a Spain-based CEO (effective July 2026) to drive permitting, including a December 2024 application for 'Strategic Investment' status under new Asturian law aimed at overcoming the project's long, contested permitting history.

Notable vs. Peers

  • Financials score of 4.6/10 is weaker than the peer average of 6.6/10.
  • Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.

Lifecycle Milestones

Grassroots
Resource Def.
PEACurrent
PFS
Feasibility
Permitting
Construction
Production
Weak track recordStrong track record
4.6/10
Thin runwayWell-capitalized
6/10
High riskLow risk
How this is calculated
6.7/10
Weaker depositStronger deposit
5.8/10
Weaker profileStronger profile
Price Chart
$0.061$0.095$0.138$0.127$0.105DecFebAprJulSep
Dec 3, 2025Sep 4, 2026
News
$0.10
+91%from low-54.6%from high
$0.05$0.23
See who ↓
45.5%
Low alignmentHigh alignment
See who ↓
0%
Low alignmentHigh alignment
$38.5M
Far belowFar above
$29.1M median
Price (USD - Local)
$0.10 - AUD 0.15
Cash Position (USD)
$3.1M
Far belowFar above
$11.8M median
Debt (USD)
$0
Far aboveFar below
$0 median
$35.4M
Far belowFar above
$26.9M median
408.3M
Far aboveFar below
172.1M median
Jurisdiction
Spain
1,170,000 oz
Far belowFar above
1.3M median
$30.26/oz
Far aboveFar below
$158.80/oz median
0.1335 oz/tCut-off: 1.45 g/t Au (Mine Shape Optimiser, US$2,405/oz Au price, 97% recovery, 80% payability)
Far belowFar above
0.04 oz/t median
Underground
14 yrs
Far belowFar above
11 yrs median
@8%$506M(at $2,106/oz)
Far belowFar above
$603M median
0.08x
Far aboveFar below
0.46x median
This company's data hasn't been researched yet
Not enough peer data yet
$2,106/oz53% below spot ($4,480/oz)
34%Clears Durrett's 25% developer bar
Far belowFar above
43% median
45.5%
0%100%
19.1% median
0%
0%100%
3% median
672 kmfrom Lundin Mining Corporation's Neves-Corvo
Outside typical bolt-on range
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Acquisition Susceptibility
3.6/10
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 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.

Overall Score Trend
+9.4% since 2026-08-01

Your Rankings

Community Sentiment
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Management Team

Chief Executive Officer and Executive Director of EMC Gold Corporation, effective 6 July 2026, as part of a governance restructuring that moved former Executive Chairman Dominic Roberts to Non-Executive Director and installed Alberto Lavandeira as Non-Executive Chairman. 35+ years of experience across mine development, operations, project delivery, and stakeholder engagement in Europe and the Americas; Spain-based and fluent in Spanish, with a track record across Spanish mining operations including Saloro, Kinbauri España, MATSA, and Tungsten San Juan, focused on advancing the Salave Gold Project in northern Spain. No current CFO could be confirmed from any source checked this session.

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
1/10

Checked, and no informed outside capital shows up. The largest holders are individuals — Paul Cronin at 8.46% and Alberto Lavandeira at 3.24%, both career mining executives connected to the company — alongside ConBrio Beteiligungen AG, a German investment holding company, at 4.42%. No producer has taken a stake, no resource-specialist fund appears, and institutional ownership reads zero against management ownership of 45.5%. This is a founder-and-executive-held register rather than one that outside capital has validated. A 1 here means checked-and-nothing-found, not that anything is wrong with the company.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Salave Gold Project (Asturias, Spain) JORC 2012 resource, per the Feb 2025 scoping study/technical report (effective 1 Feb 2025, superseding the company's earlier Feb 2019 PEA): 17.1 Mt at 2.85 g/t Au for 1.56 Moz total, split 9% Measured / 66% Indicated / 25% Inferred -- M&I of ~1.17 Moz used here (Measured ~0.14 Moz + Indicated ~1.03 Moz); the remaining ~0.39 Moz Inferred is excluded per this repo's M+I-only convention.