JZR Gold Inc. (TSXV: JZR) operates the Vila Nova Gold Project in Amapa State, Brazil, a tailings-reprocessing operation on about 9 million tonnes of historic gold tailings built around an 800 tonne-per-day gravimetric mill. The mill was built and commissioned by the project's earlier operator, ECO Mining Oil & Gas Drilling and Exploration, which also secured the environmental permits, and produced its first gold concentrate on 14 October 2025, with assays up to 130 g/t Au. JZR took over as operator on 28 May 2026; with its mining contractor RR Bueno mobilised, it began a regular single-shift operating schedule in August 2026 and shipped about 11 tonnes of concentrate to Sao Paulo in September 2026, and it is now working to increase operating hours toward consistent, sustained production. Net revenue from the project is shared 50% to JZR, 35% to Eco Mining and 15% to a local mining co-operative, under a 2020 joint venture royalty agreement that gives JZR a 50% net profits interest.
Notable vs. Peers
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.
- Trading within 3% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Construction Milestones
4 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Oct 2025 · 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: tailings facility.
Jurisdiction (40%)6/10
The Vila Nova project is in Mazagao, Amapa State, Brazil, a stable democracy with an established, if bureaucratically slower, permitting regime.
Infrastructure (40%)9.3/10
A confirmed mill, confirmed road access, and confirmed grid power at Vila Nova Gold Project, Mazagao, Amapa State, Brazil; tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
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: 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 stageSub-score:7/10
Stage: Construction
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 - JurisdictionSub-score:6/10
Brazil: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% 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% · 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.
Your Rankings
Management Team
Chief Executive Officer and Director of JZR Gold Inc. (TSXV: JZR; joined 2015, CEO since Apr 2017). Restructured the company and secured the Vila Nova Gold project in Amapa, Brazil. Background includes positions at the Chicago Board Options Exchange, West Coast Energy, and investment-advisory roles at Merrill Lynch, CIBC Wood Gundy and Canaccord Genuity in Vancouver; 20+ years in finance and pipeline construction. MBA Finance, University of British Columbia; B.Sc. Finance, University of Illinois. Source: jazzresources.ca/leadership/.
Director of JZR Gold Inc. (TSXV: JZR, appointed Dec 2020). Owns and leads Anvil Machine, an Edmonton-based oilfield-services company; started his 42-year career as a welder and machinist before becoming owner; has directed Anvil Machine for 33 years, managing operations through resource-sector fluctuations. Source: jazzresources.ca/leadership/.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
JZR Gold operates the Vila Nova Gold Project in Amapa State, Brazil, which reprocesses about 9 million tonnes of historic gold tailings through an 800 tonne-per-day gravimetric mill. The mill was built and commissioned by the project's earlier operator, ECO Mining, and produced its first gold concentrate on 14 October 2025. JZR took over as operator on 28 May 2026, began a regular single-shift operating schedule in August 2026 and shipped about 11 tonnes of concentrate to Sao Paulo in September 2026, and it is working to increase operating hours toward sustained production. Net revenue from the project is shared 50% to JZR, 35% to Eco Mining and 15% to a local mining co-operative.