Providence Gold Mines Inc.
Providence Gold Mines Inc. (TSXV: PHD, OTC: PRRVF; originally incorporated 2010 as Red Hut Metals Inc., renamed July 2017), headquartered in Surrey, BC, explores the La Dama de Oro gold-silver property in the Silver Mountain Mining District southeast of Ontario, California, over three historic E-W striking lodes (Mojave Girl, Tarantula, Mojave Boy). The company holds permits for water, roads, environment, mill site, operations plan and a 1,000-ton bulk sample, and completed the first stage of a stockpile/underground sampling program in March 2026 under California-registered geologist Mark Payne, P.Geo (QP: Dr. Lee Groat), reporting assays up to 8.0 g/t Au from the Mojave Girl zone. Management has described 2026 as a pivotal year as funding, permitting and technical validation align. No NI 43-101-compliant resource estimate has been published. In September 2026 it reported further stockpile trenching assays from the Tarantula mine area and announced a non-brokered private placement of up to $1,000,000 to advance the property.
Notable vs. Peers
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)6/10
California: Fraser PPI 2024 is 25.66 of 100 (rank 68 of 82; not rated in the 2025 survey), which maps to 6 on this site's scale. The La Dama de Oro gold-silver property is in the Silver Mountain Mining District near Victorville, San Bernardino County, California. California has US rule of law, but its mining policy climate ranks among the lowest in Fraser's survey, and a new mine needs CEQA environmental review and county approvals.
Infrastructure (40%)6.4/10
Confirmed road access at La Dama de Oro Gold-Silver Property, Silver Mountain Mining District, near Victorville, California, USA; 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:6/10
United States: jurisdiction score 6/10
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.
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Your Rankings
Management Team
Founder, President, Chief Executive Officer and Director of Providence Gold Mines Inc., a mineral exploration company evaluating a property in California, USA. Appointed CEO in July 2017.
Chairman and Vice President of Providence Gold Mines Inc., FCIB, FRSA, appointed to the board April 18, 2019 and promoted to Chairman and VP October 1, 2019.
Chief Financial Officer of Providence Gold Mines Inc., CA; also Chief Financial Officer, Director of Starcore International Mines Ltd.
Director of Providence Gold Mines Inc.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Insider Ronald Coombes bought on the open market three times over the past several months, but he is the only insider buying, and no producer, strategic investor, or resource-specialist fund holds a disclosed stake.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Providence Gold Mines explores the La Dama de Oro gold-silver property in the Silver Mountain mining district of California, near Victorville, which covers three historic east-west lodes: Mojave Girl, Tarantula and Mojave Boy. The company holds permits for water, roads, environment, a mill site, an operations plan and a 1,000-ton bulk sample, and its stockpile and underground sampling has returned assays of up to 8.0 g/t gold from the Mojave Girl zone. In June 2026 it completed a second phase of stockpile sampling and reported a new 1.5-foot-wide lode zone in underground workings along the Mojave Girl vein, and in September 2026 it reported further stockpile trenching assays from the Tarantula mine area and announced a non-brokered private placement of up to $1,000,000. No NI 43-101-compliant resource estimate has been published.
No reports or presentations linked yet.