Galleon Gold Corp.
Galleon Gold Corp. is advancing the West Cache gold project, an advanced-stage exploration property ~13km west of Timmins, Ontario in the Western Porcupine Gold Camp, adjacent to Pan American Silver's Timmins West mine. The company completed an 18,000-metre 2026 drill program and received a Category 3 Permit to Take Water in March 2026, enabling box-cut excavation toward an underground bulk sample program (86,500 tonnes) as part of a de-risking strategy ahead of any formal economic study. Financing includes convertible debentures and a C$46 million senior secured debt facility with Pan American Silver Corp.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.6/10.
Lifecycle Milestones
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 Chairman of the Board of Galleon Gold Corp., appointed Jan 2019. Mining executive with a track record in project development and mine construction; founded Apollo Gold and acquired the Black Fox Mine; held senior positions at Getchell Gold, LAC Minerals/Barrick, Hecla, and Independence Mining; B.Sc. Mining Engineering, Montana Tech.
Chief Financial Officer of Galleon Gold Corp. Chartered Professional Accountant (CPA, CA) with 17 years of audit and public-market experience; worked as consulting accountant for Galleon Gold (formerly Pure Nickel) from March 2017 until her appointment as CFO; Bachelor of Administrative Studies (Honours), York University.
EVP Strategy and Corporate Secretary of Galleon Gold Corp. 20+ years of experience in the natural resources sector focused on junior mining, with expertise in capital markets, corporate governance, and stakeholder engagement; B.Sc. (Honours) Chemical Engineering, Queen's University; MBA, York University.
VP Exploration at Galleon Gold Corp., with the company since 2020. Has managed multi-rig exploration programs supporting the company's Preliminary Economic Assessment and bulk sample, and led the team responsible for the Zone 9 discovery; B.Sc. Earth Sciences, Dalhousie University.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Pan American Silver, a major silver producer, has built a stake of roughly 19-20% of Galleon Gold through cash-paid investments in August and December 2025, and also provided a $46 million debt facility and an ore-processing agreement at the Bell Creek Mill. Eric Sprott has been a repeat lead investor in the company's financings since 2020, most recently putting in $3 million in December 2025.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.
Galleon Gold's maiden PEA and updated Mineral Resource Estimate for the 100%-owned West Cache Gold Project, Timmins, Ontario (announced 12 Jan 2022, effective 10 Jan 2022): underground Mineral Resource (1.6 g/t Au cutoff) of Indicated 4,051 kt at 3.63 g/t for 472,000 oz, plus Inferred 11,788 kt at 2.87 g/t for 1,088,000 oz. At a US$1,700/oz gold price: pre-tax NPV5% of C$378M / after-tax C$240M, pre-tax IRR 33.7% / after-tax 26.7%, 11-year LOM plus 2 years ramp-up, AISC US$987/oz, cash cost US$814/oz, initial capex C$150M. No more recent economic study has been published since -- the company's 2026 work has been drilling (Zone #9 extensions) and surface development for an approved 86,500 t bulk sample, not a re-costed economic study.