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

Lincoln Mining Corp.

LMG·$0.35·$8.7M cap
Goldalso:Bell Mountain (Churchill County, Nevada, USA) Map

Lincoln Mining Corp. (TSXV:LMG, doing business as Lincoln Gold Mining Inc.) is a precious-metals developer whose 100%-owned Bell Mountain Gold-Silver Project (Churchill County, Nevada) comprises four deposits -- Spurr, Varga, Sphinx and East Ridge -- and is a fully permitted, advanced-stage open-pit heap-leach project with a mineral resource of 45,831 oz gold-equivalent Measured+Indicated and 27,147 oz Inferred. The BLM Plan of Operations was formally transferred into Lincoln's wholly-owned subsidiary Lincoln Resource Group Corp. as of January 2025, and as of June 2026 the project was reported at the construction-financing stage, targeting a production goal of ~20,000 oz AuEq/year over an 8-10 year mine life. Lincoln also holds the Pine Grove gold project (Lyon County, Nevada), roughly 150 miles from Bell Mountain on the same Walker Lane Mineral Trend, where analysis of core from a 2021 drilling program at the Wilson deposit is ongoing.

Notable vs. Peers

  • Financials score of 1.6/10 is weaker than the peer average of 6.6/10.

Lifecycle Milestones

Grassroots
Resource Def.
PEA
PFS
Feasibility
PermittingCurrent
Construction
Production

Construction Milestones

0 of 5 reached
  1. Not yet reached
  2. Not yet reached
  3. Not yet reached
  4. Not yet reached
  5. 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.

10/10
Weak track recordStrong track record
1.6/10
Thin runwayWell-capitalized
9/10
High riskLow risk
How this is calculated
0.5/10
Weaker depositStronger deposit
5.3/10
Weaker profileStronger profile
Price Chart
$0.158$0.187$0.323$0.316$0.347AugNovFebJunSep
Aug 12, 2025Sep 4, 2026
News
$0.35
+154.4%from low-50.2%from high
$0.14$0.70
See who ↓
39.5%
Low alignmentHigh alignment
See who ↓
0%
Low alignmentHigh alignment
$8.7M
Far belowFar above
$29.1M median
Price (USD - Local)
$0.35 - CAD 0.48
Cash Position (USD)
$110.3K
Far belowFar above
$11.8M median
Debt (USD)
$2M
Far aboveFar below
$0 median
$10.6M
Far belowFar above
$27.1M median
28.8M
Far aboveFar below
173M median
Jurisdiction
United States
45,831 oz
Far belowFar above
1.3M median
$231.39/oz
Far aboveFar below
$157.18/oz median
Cut-off: Tiered open-pit AuEq cutoffs: Spurr 0.0071 opt AuEq (~0.24 g/t); Varga 0.0087 opt AuEq (~0.30 g/t); Sphinx/East Ridge 0.0075 opt AuEq (~0.26 g/t)
This company's data hasn't been researched yet
N/A -- fully permitted, pre-construction (construction-financing stage)
2 yrs
Far belowFar above
11 yrs median
@5%$24.1M(at $2,200/oz)
Far belowFar above
$603M median
0.36x
Far aboveFar below
0.46x median
This company's data hasn't been researched yet
Not enough peer data yet
$2,200/oz51% below spot ($4,480/oz)
60%Clears Durrett's 25% developer bar
Far belowFar above
41% median
39.5%
0%100%
19.1% median
0%
0%100%
3% median
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
9.7/10
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
+17.8% since 2026-08-11

Your Rankings

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Management Team

President and Chief Executive Officer of Lincoln Mining Corp. (operating publicly as Lincoln Gold Mining Inc.), advancing the Pine Grove gold project in Lyon County, Nevada. Mining engineer (P.Eng.); previously Senior Vice President of Viceroy Resource Corporation overseeing construction and operations of the Castle Mountain mine, President of Loki Gold Corporation and Baja Gold Inc. (bringing the Brewery Creek Gold mine into production), and helped organize the 1995 merger forming Viceroy Resource Corporation.

Chief Financial Officer of Lincoln Mining Corp., appointed effective October 23, 2024.

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

No institutional or strategic holder is on record, and the only insider activity in the last two years is an option grant, not a purchase. A real check that found nothing.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Bell Mountain (100%-owned, 4 deposits: Spurr, Varga, Sphinx, East Ridge): 45,831 oz AuEq Measured+Indicated (written to ouncesFound) + 27,147 oz AuEq Inferred (not written -- Inferred tier only, per this database's M&I-only convention). Fully permitted, open-pit heap-leach design; production target ~20,000 oz AuEq/year over an 8-10 year mine life; reported at construction-financing stage as of June 2026. mineLifeYears (Task #317, Aug 2026): the PEA's own DCF model runs over a 24-month (2-year) mine life plus 90 days of residual leaching -- the figure paired with this pass's dcfNpvUsd/irrPct writes. This miner's earlier technicalReportNote cited an 'eight to ten year' mine life; traced that to Lincoln's corporate presentation PDF ('Bell Mountain production goal of 20,000 - Pine Grove production goal of 35,000 ounces gold equivalent per year over life of the mines, estimated to be eight to ten years') -- a combined, forward-looking production GOAL across Bell Mountain AND the separate Pine Grove project together, not a Bell Mountain-only PEA-disclosed mine life, and not tied to any disclosed NPV/IRR. The PEA's own 24-month figure is used here instead for internal consistency with the NPV/IRR being cited from the same study. Recoverable gold of 561,000 oz AuEq combined across all products; Bell Mountain-specific annual goal of ~20,000 oz/yr in the corporate presentation is roughly consistent with the PEA's implied throughput over its own shorter 2-year mine life, not an 8-10yr one.