Acquisition completed — acquired by Fresnillo plc
Fresnillo plc acquired Probe Gold via a statutory plan of arrangement for C$3.65 cash per share (~C$780M equity value), giving Fresnillo its first entry into the Canadian market and access to Probe's Novador project in Quebec. Shareholders approved the deal January 13, 2026; it closed and PRB was delisted from the TSX on or about January 22, 2026.
This company has been 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 and delisted PRB from the TSX on 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.
Notable vs. Peers
- Financials score of 3/10 is weaker than the peer average of 6.6/10.
Lifecycle Milestones
Fresnillo plc's acquisition of this company is already completed, so a forward-looking susceptibility score no longer applies.
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Your Rankings
Management Team
President, CEO and Director of Probe Gold Inc. since 2015. Over 25 years of experience as an exploration geologist in the Canadian and international mining industry.
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
Novador Project + Val-d'Or East properties (Quebec), Sept 2024 resource update: Measured+Indicated gold resource of 6,728,600 oz (a 77% increase over the 2023 estimate) + a separate 3,277,100 oz Inferred, not included here per this repo's M+I-only convention. A positive updated PEA has also been released for Novador (after-tax NPV5% C$910M, IRR 24.4% at US$1,750/oz) -- not written into dcfNpvUsd/irrPct/mineLifeYears here since this miner's stage is still RESOURCE_DEFINITION (those fields aren't gated until PEA stage), and re-deriving/converting the PEA's C$ figures to this repo's USD convention was out of scope for this pass. Worth a dedicated follow-up once/if stage is reviewed.