Acquired by Fresnillo plc on 21 Jan 2026
This company is no longer independently investable. The deal was announced on 31 Oct 2025. Data below reflects its status before the acquisition.
Its shares no longer trade, so no share price, market cap or price-based valuation is shown. Scores and research below are frozen at the company's last data before the acquisition. Removed from the default Compare and Miners directory listings.
Probe Gold Inc.
Probe Gold held the Novador property in Val-d'Or, Quebec, covering an area of 436 km² with exploration rights to the Monique, Pascalis, and Courvan trends. Fresnillo plc acquired Probe Gold via a statutory plan of arrangement that closed on January 21, 2026, with PRB delisted from the TSX on or about January 22, 2026 (C$3.65 cash per share, ~C$780M equity value); Probe Gold is now a wholly-owned Fresnillo subsidiary and no longer trades independently; Fresnillo has publicly stated it is now beginning work to advance Novador's development while continuing to explore Probe's broader land package.
Lifecycle Milestones
Not in place: mill, tailings facility. Not yet determined: road access, grid power.
Scores are frozen at this company's last data before its acquisition closed on 21 Jan 2026, and are no longer updated.
Jurisdiction (40%)9/10
Quebec, Canada — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)2.9/10
No confirmed mill and no confirmed tailings facility at Novador Project, Val-d'Or, Quebec; road access and grid power not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)10/10
Lamaque (Sigma mill) (Eldorado Gold Corporation) is 4 km away -- within shared-mill trucking range.
Acquisition Susceptibility
Fresnillo plc's acquisition of this company is already completed, so a forward-looking susceptibility score no longer applies.
Trend data collecting — check back after a few more refreshes.
Your Rankings
Management Team
Exploration Advisor to Canstar Resources Inc. (TSXV: ROX), and President, Chief Executive Officer and a Director of Probe Gold Inc.; also a director of Nuvau Minerals Inc. Ph.D., P.Geo. Over 25 years of management, technical and exploration experience in the Canadian and international mining industry. Former President and CEO of Probe Mines (2003-2015), where he led the team to major mineral discoveries including the multi-million ounce Borden Gold deposit; that company was sold to Goldcorp Inc. in 2015. Recipient of PDAC's Bill Dennis Prospector of the Year award (2015) and The Northern Miner's Mining Person of the Year (2014). Holds a B.Sc. in Geology from St. Francis Xavier University and an M.Sc. and Ph.D. from McGill University.
Chief Financial Officer and Vice President, Corporate Development at Probe Gold Inc. MBA and CFA designation.
Chief Operating Officer of Probe Gold Inc. Over 25 years of international mining experience in operations, consulting and engineering, with a recent focus on project evaluation, development and execution; previously with Rio Tinto and Hatch Ltd. and a partner at BBA Inc. Ph.D.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Probe Gold held the Novador gold project in Val-d'Or, Quebec, a 436 km² property covering the Monique, Pascalis and Courvan trends, and no longer trades independently: Fresnillo acquired it through a plan of arrangement at C$3.65 per share in cash (about C$780M of equity value), and Probe was delisted from the TSX on or about 22 January 2026. Its September 2024 resource update for Novador and its other Val-d'Or East properties gives 6,728,600 oz of gold in measured and indicated resources plus 3,277,100 oz inferred, of which Novador alone holds 5,897,600 oz measured and indicated. Fresnillo has said it is beginning work to advance Novador's development while continuing to explore the wider land package.