Palamina Corp.
Palamina Corp. (TSXV: PA, OTCQB: PLMNF), based in Toronto, explores for gold in the Puno Orogenic Gold Belt of southeastern Peru, where it holds six gold projects. Its flagship is the 100%-owned Usicayos Gold Project (11,612 ha), where several drill campaigns, including a 2,300 m program, have returned high-grade intercepts of up to 24 g/t gold; no NI 43-101 resource has been estimated. On 29 September 2026 Palamina completed the spin-out of Colt Silver Corp., which holds the Galena silver-copper project and six other silver-copper projects in Peru: Palamina shareholders received 23,308,708 Colt Silver shares and Palamina kept 4,577,766, about 9.1% of Colt Silver.
Notable vs. Peers
- Financials score of 1.4/10 is weaker than the peer average of 5.3/10.
- Jurisdiction risk score of 5/10 is meaningfully riskier than the peer average of 7.8/10.
- Trading within 0% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)5/10
The Usicayos project is in the Puno region of southeastern Peru, an established mining jurisdiction with a functioning permitting regime, a notch below Canada or Australia on policy predictability and community and security overhead.
Infrastructure (40%)6.4/10
Confirmed road access at Usicayos Gold Project, Puno Region, Southeastern Peru; existing mill, grid power, and 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: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% · 57% here - JurisdictionSub-score:5/10
Peru: jurisdiction score 5/10
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
President of Palamina Corp. Entrepreneurial geologist who has sold eight companies, most recently Soltoro Ltd. to Agnico Eagle in 2015 for its 80Moz silver resource.
Chief Financial Officer of Palamina Corp., effective November 30, 2022. 26 years' experience in gold exploration and mining, including as former President and CEO of a TSX-listed Mexican gold producer, VP/Treasurer/Operations Controller at Kinross Gold Corporation, and Corporate Controller at Barrick Gold Corporation.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Institutional ownership is real (7.33%) but the sole holder is unnamed. President Andrew Thomson has bought stock on the open market in a highly consistent, near-weekly pattern throughout the last year with no offsetting selling -- but he is the only insider buying, so this alone does not clear the higher insider-buying band.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Palamina explores for gold in the Puno Orogenic Gold Belt of southeastern Peru, where it holds six gold projects. Its flagship is the 100%-owned Usicayos Gold Project, where several drill campaigns have returned high-grade intercepts of up to 24 g/t gold, though no resource has been estimated. On 29 September 2026 it completed the spin-out of Colt Silver, which holds the Galena silver-copper project and six other silver-copper projects in Peru, keeping about 9.1% of Colt Silver.
No reports or presentations linked yet.