Legacy Gold Mines Ltd.
Legacy Gold Mines controls 215 unpatented lode claims (~1,545 ha) at the Baner Gold Project in Idaho's Orogrande Mining District. A 40,000 ft 2026 drill program (Phase 1 diamond + RC drilling, plus an MT geophysics survey) is underway to try to convert the company's exploration target into a maiden NI 43-101 resource, funded by a CAD $10.0M non-brokered private placement that closed April 15, 2026.
Notable vs. Peers
- Financials score of 7.1/10 is stronger than the peer average of 5.3/10.
Lifecycle Milestones
Jurisdiction (40%)9/10
Idaho: Fraser PPI 2025 is 77.16 of 100 (rank 27 of 68), which maps to 9 on this site's scale. Idaho, USA — top-tier mining jurisdiction, though federal unpatented-claim permitting can be slow.
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 Baner Gold Project, Orogrande Mining District, Idaho (checked Oct 1, 2026; recheck due Mar 30, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Lucky Friday (Hecla Mining Company), 197 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
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:0.1/10
Nearest producing mine: Lucky Friday (Hecla Mining Company), 197 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% 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% · 31% here - JurisdictionSub-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% · 14% 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% · 9% 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
Chairman and CEO of Legacy Gold Mines Ltd. Former Goldman Sachs mining/metals specialist with 30+ years in global mining project development; co-founded Kirkland Lake Gold, serving as its President and CEO, and previously led Rupert Resources Ltd. as Executive Chairman and CEO.
VP Exploration and Director of Legacy Gold Mines Ltd. Exploration and production geologist with 40+ years' experience; co-founded Kirkland Lake Gold and received the Ontario Prospector of the Year award for discovering the South Mine Complex.
Chief Financial Officer and Corporate Secretary of Legacy Gold Mines Ltd. 10+ years in mining-sector finance; previously Corporate Controller at Discovery Silver Corp.; Bachelor of Accountancy, Brock University; CPA/CA.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Wexford Capital, a multi-billion-dollar investment firm with a genuine track record in energy and natural resources -- it also backs the gold miner Mako Mining as one of its flagship resource plays -- owns about 15% of Legacy Gold Mines, making it the company's largest outside shareholder by a wide margin.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Legacy Gold Mines controls 215 unpatented lode claims covering about 1,545 ha at the Baner gold project in the Orogrande Mining District of Idaho County, Idaho. Baner has an exploration target, not a mineral resource, of about 50.3-55.3 million tonnes at 0.72-0.91 g/t gold, and a 40,000ft drill program of core and reverse-circulation holes, plus an MT geophysical survey, is under way in 2026 with the aim of defining a maiden NI 43-101 resource. Results reported on 11 August 2026 included 1.14 g/t gold over 13.5m from surface and 2.4 g/t over 8.2m, including 6.6 g/t over 2.3m, extending the Main Zone 170m further west. The program is funded by a private placement that closed on 15 April 2026.