P2 Gold Inc
P2 Gold Inc. holds 100% of the ~4,500-hectare Gabbs gold-copper project in Nevada's Fairplay Mining District, ~145 miles from Reno. A resource estimate reports 0.72 million oz Au indicated / 1.28 million oz Au inferred, plus associated silver and copper (297M/567M lb Cu indicated/inferred). An October 2025 PEA outlines a 14.2-year mine life producing 1.55 million oz gold, 2.48 million oz silver and 213,000 tonnes copper via combined heap-leach/mill processing, with an after-tax NPV5% of US$2.25 billion and 77.5% IRR at spot prices; a feasibility study is targeted for completion Q4 2026.
Lifecycle Milestones
Not in place: mill, tailings facility.
Jurisdiction (40%)9/10
Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. Nevada, USA — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)5.7/10
No confirmed mill, confirmed road access, confirmed grid power, and no confirmed tailings facility at Gabbs Project, Nevada.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Round Mountain (Kinross Gold Corporation), 77 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 stake on file; largest strategic holder is Quaternary Group Limited (8.7%) See holders
Not an operating producer, so it isn't the toehold-then-takeout pattern the research documents; a missing producer stake isn't held against a company.
Weight 25% - Distance to a producing mineSub-score:4.1/10
Nearest producing mine: Round Mountain (Kinross Gold Corporation), 77 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:6/10
Stage: Preliminary Economic Assessment
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
Chief Financial Officer of P2 Gold Inc.; also Chief Financial Officer and Corporate Secretary of Austin Gold Corp. Former Corporate Controller at Pretium Resources.
Chief Exploration Officer and Director of P2 Gold Inc.; also a director of Goldstorm Metals Corp. Former Chief Exploration Officer at Pretium Resources.
Executive Vice President and Director of P2 Gold Inc. Former Executive Vice President, Corporate Affairs and Sustainability at Pretium Resources.
Chairman, President and CEO of P2 Gold Inc. (founder), and also President & CEO and a director of Tudor Gold Corp. Spent nine years at Pretium Resources Inc. (2011-2020), joining as Chief Development Officer, becoming President in 2015 and President & CEO in 2017, leading development of the high-grade Brucejack gold mine into profitable commercial production. Prior to Pretium, spent 15 years in senior management at Silver Standard Resources Inc., lastly as SVP Corporate Development, responsible for the sale of the Brucejack and Snowfield assets that formed Pretium. Holds a B.A.Sc. from UBC and an LL.B. from the University of Toronto; a registered P.Eng./P.Geo. with APEGBC and holds the Chartered Director (C.Dir) designation.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
P2 Gold's outside backing is now two-sided. The Quaternary Group Limited, a private investor, closed a $7.5 million placement in May 2026, taking its stake to roughly 8.7% -- the register's original strategic backer. Separately, Waterton Global Resource Management and its flagship Waterton Precious Metals Fund II vehicle, a well-capitalized private-equity firm dedicated to developing precious-metals assets in stable jurisdictions, together hold a combined 12.75% -- a sizeable resource-sector specialist position, and the larger of the two outside stakes on the register. One director also bought shares on the open market in June 2026.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
P2 Gold owns 100% of the Gabbs gold-copper project, about 4,500 hectares in Nevada's Fairplay Mining District, planned as an open-pit operation with heap-leach and mill processing. Gabbs holds 720,000 oz of gold in indicated resources (49.8 Mt at 0.45 g/t), with no measured category, plus 1,280,000 oz inferred, alongside 297 million lb of indicated copper. The October 2025 preliminary economic assessment shows a base-case after-tax NPV5% of US$942.9M and a 33.8% IRR at US$2,350/oz gold, US$29/oz silver and US$4.50/lb copper, with pre-production capital of US$382.7M, a 14.2-year mine life producing 1.55 Moz of gold and 213,000 t of copper, and an all-in sustaining cost of US$1,284/oz. A feasibility study for a larger 12 Mtpa operation, up from 9 Mtpa in the 2025 study, is targeted for completion in the fourth quarter of 2026.