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

Meridian Mining plc

MRRDF·MNO·MNO·N2E0FSE·$1.37·$518.8M cap
Goldalso:Cabaçal Project, Mato Grosso, Brazil Map

Meridian Mining plc (renamed from 'Meridian Mining UK Societas' effective Dec 10 2025, same ticker MNO, ISIN/CUSIP changed) is advancing the Cabaçal gold-copper-silver project in Mato Grosso, Brazil -- markets itself as 'Sustainable Copper & Gold' (headline 141,000 AuEq oz/yr), a judgment call on primacy. PFS is complete (US$984 million NPV5%, 61.2% IRR) with the DFS ~50% done (targeted Q4 2026); classified FEASIBILITY here as the stricter reading, though a Preliminary Licence has already been granted and an Installation Licence submitted -- permitting is running ahead of the DFS milestone. Cash of US$74.37 million (Mar 31 2026, post a C$57.5 million Feb 2026 raise, reported directly in USD); debt is minimal (~US$2.33 million liabilities, no dedicated debt instrument).

Lifecycle Milestones

Grassroots
Resource Def.
PEA
PFS
FeasibilityCurrent
Permitting
Construction
Production
10/10
Weak track recordStrong track record
7.5/10
Thin runwayWell-capitalized
7/10
High riskLow risk
How this is calculated
5.4/10
Weaker depositStronger deposit
7.5/10
Weaker profileStronger profile
Price Chart
$0.603$0.976$1.44$1.38$1.37AugNovFebJunSep
Aug 12, 2025Sep 4, 2026
News
$1.37
+133.9%from low-12.3%from high
$0.59$1.56
$518.8M
Far belowFar above
$29.1M median
Price (USD - Local)
$1.37 - CAD 1.90
Cash Position (USD)
$74.4M
Far belowFar above
$11.6M median
Debt (USD)
$2.3M
Far aboveFar below
$0 median
$446.7M
Far belowFar above
$26.9M median
487.1M
Far aboveFar below
172.1M median
Jurisdiction
Brazil
843,000 oz
Far belowFar above
1.3M median
$529.94/oz
Far aboveFar below
$157.18/oz median
Cut-off: 0.25 g/t AuEq (Mineral Reserve cut-off)
This company's data hasn't been researched yet
Open pit
10 yrs
Far belowFar above
11 yrs median
@5%$984M(at $2,119/oz)
Far belowFar above
$596.9M median
0.53x
Far aboveFar below
0.40x median
This company's data hasn't been researched yet
Not enough peer data yet
$2,119/oz53% below spot ($4,480/oz)
61%Clears Durrett's 25% developer bar
Far belowFar above
41% median
18.8%
0%100%
19.3% median
This company's data hasn't been researched yet
1191 kmfrom Kinross Gold Corporation's Paracatu
Outside typical bolt-on range
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
5/10
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
+2.7% since 2026-08-04

Your Rankings

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Management Team

Chief Executive Officer and Director of Meridian Mining plc.

President of Meridian Mining plc.

Chief Development Officer of Meridian Mining plc, responsible for development initiatives and project advancement.

Chief Financial Officer of Meridian Mining plc.

Senior Vice-President, Strategy & Projects at Meridian Mining plc.

Senior Vice-President, Corporate Development at Meridian Mining plc.

Corporate Secretary of Meridian Mining plc.

Chief Geologist and Qualified Person for Meridian Mining plc's Brazilian projects.

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
2/10

Franklin Gold and Precious Metals Fund and VanEck's actively-managed International Investors Gold Fund, both real specialist gold funds, hold small stakes. No producer or strategic corporate backer is on record, and no insider made a genuine open-market purchase in the past two years -- only option exercises and two real but limited disposals.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

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.