Greenheart Gold Inc.
Greenheart Gold explores prospective greenstone belts of the Guiana Shield across Suriname and Guyana. The company is running diamond drilling across three active Suriname projects -- Majorodam, Igab and Tosso Creek -- plus the Tamakay project in Guyana, all at an early, pre-resource exploration stage. No mineral resource has yet been declared at any project.
Notable vs. Peers
- Financials score of 9.5/10 is stronger than the peer average of 5.3/10.
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.
- Trading within 7% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Jurisdiction (40%)6/10
Suriname and Guyana are relatively underexplored, developing mining jurisdictions in the Guiana Shield with improving regulatory frameworks and a track record of fast discovery-to-production timelines regionally, but less mature permitting/infrastructure history than Tier-1 jurisdictions.
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 Majorodam and Igab Gold Projects, Suriname (and Tamakay Project, Guyana) (checked Sep 30, 2026; recheck due Mar 29, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)8.8/10
Rosebel (Zijin Mining Group) is 38 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:8.7/10
G Mining Ventures Corp. holds 10.5% (reported 30 Apr 2026) See holders
An operating producer's stake scores 8 at 5%, rising to 10 at 20% (the take-over-bid threshold) and holding there up to 50%.
Weight 25% · 34% here - Distance to a producing mineSub-score:6.2/10
Nearest producing mine: Rosebel (Zijin Mining Group), 38 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 31% here - Lifecycle stageSub-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% · 20% here - JurisdictionSub-score:6/10
Suriname: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 9% 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% · 6% 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
Executive Chairman of Greenheart Gold Inc. 40+ years as a mining executive; law degree, University of Alberta (1979); founded Golden Star Resources in 1983 (Omai/Gross Rosebel discoveries), chaired/led Hope Bay Gold Corp through the Miramar Mining merger and served as Executive Vice-Chairman until Newmont's 2008 acquisition; founded and chaired Reunion Gold through its combination with G Mining Ventures.
Chief Executive Officer, President and Director of Greenheart Gold Inc. CGeol FGS; exploration geologist with 20 years across Eastern Europe, North America and the Guiana Shield specializing in Carlin-style, epithermal and porphyry/orogenic gold; most recently VP Exploration at Reunion Gold. MSci Geological Sciences, Imperial College London.
Chief Financial Officer of Greenheart Gold Inc. CPA; 30 years in mining including 10 years as VP/Controller at Cambior Inc. (now IAMGOLD); CFO of Reunion Gold 2004-2024 through its combination with G Mining Ventures. B.Comm, University of Ottawa.
SVP Corporate Development at Greenheart Gold Inc. CFA; 38+ years of mining finance experience; former Managing Director, Global Mining Sales at BMO Capital Markets, with $35B+ in financings. B.Sc. Geology; MBA, Queen's University.
Corporate Controller of Greenheart Gold Inc. CPA; 20+ years of experience, including 10+ years in gold exploration, in progressively senior finance roles. Business administration degree, Nipissing University.
Corporate Secretary of Greenheart Gold Inc. B.C.L., LL.B.; 10+ years of corporate/securities law experience; external counsel to Greenheart Gold before her appointment, previously at Fasken Martineau DuMoulin LLP. Law degrees from McGill, Nankai and Montréal; member of the Québec Bar.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
La Mancha Resource Capital, a well-known specialist gold-mining investment fund, increased its stake from 4.6% to 19.9% through a C$50 million cash private placement in April 2026, becoming the largest shareholder. G Mining Ventures Corp, an operating gold producer, maintained a parallel 10.5% cash stake in the same financing round. Two directors bought stock on the open market repeatedly through the year with no insider selling on record at all -- an unusually clean and well-backed register for a company this size.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Greenheart Gold explores greenstone belts of the Guiana Shield, with diamond drilling at its Majorodam, Igab and Tosso Creek projects in Suriname and the Tamakay project in Guyana, all at an early stage with no mineral resource declared. Maiden diamond drilling at the Koela target of the Igab project, reported in July 2026, returned intercepts including 7.0 m at 5.82 g/t gold and 2.4 m at 6.42 g/t gold, and trenching at Koela East returned 3.0 m at 11.59 g/t gold. About 35% of the assays from a 160-hole, 11,748 m reverse-circulation program at Majorodam were still pending because of laboratory delays in Paramaribo.