JUNIORMETRICS
Gold$4,479.95/oz
Silver$66.98/oz
Copper$6.00/lb

Q-Gold Resources Ltd.

QGR·$0.16·$23.7M cap
GoldQuartz Mountain (Lake County, Oregon, USA); Mine Centre (Ontario, Canada) Map

Q-Gold Resources Ltd. is a gold developer advancing its flagship Quartz Mountain project in Lake County, Oregon, USA, alongside the Mine Centre project in Ontario, Canada. A maiden Preliminary Economic Assessment (Kappes Cassiday, effective ~8 Apr 2026, base case US$3,265/oz Au) reported an after-tax NPV at a 5% discount rate of US$1.71 billion, an after-tax IRR of 55.2%, a 14-year mine life, all-in sustaining costs of US$1,214/oz, and initial capital expenditure of US$290 million. The resource underpinning the PEA totals 2.01 million ounces gold Indicated plus 494,000 ounces Inferred.

Lifecycle Milestones

Grassroots
Resource Def.
PEACurrent
PFS
Feasibility
Permitting
Construction
Production
10/10
Weak track recordStrong track record
Thin runwayWell-capitalized
9/10
High riskLow risk
How this is calculated
7.6/10
Weaker depositStronger deposit
8.9/10
Weaker profileStronger profile
Price Chart
$0.115$0.179$0.158$0.179$0.163AugNovFebJunSep
Aug 12, 2025Sep 4, 2026
News
$0.16
+74.8%from low-41.7%from high
$0.09$0.28
See who ↓
10.8%
Low alignmentHigh alignment
See who ↓
52%
Low alignmentHigh alignment
$23.7M
Far belowFar above
$29.1M median
Price (USD - Local)
$0.16 - CAD 0.23
Cash Position (USD)
This company's data hasn't been researched yet
Debt (USD)
This company's data hasn't been researched yet
$23.7M
Far belowFar above
$27.1M median
169.2M
Far aboveFar below
173M median
Jurisdiction
United States
2,010,000 oz
Far belowFar above
1.3M median
$11.79/oz
Far aboveFar below
$158.80/oz median
Cut-off: 0.1 g/t Au (oxide) / 0.2 g/t Au (sulfide)
This company's data hasn't been researched yet
N/A -- PEA-stage, no active mine
14 yrs
Far belowFar above
11 yrs median
$1,214/oz
@5%$1.7B(at $3,265/USD_PER_OZ)
Far belowFar above
$596.9M median
0.01x
Far aboveFar below
0.46x median
This company's data hasn't been researched yet
Not enough peer data yet
$3,265/USD_PER_OZ
55%Clears Durrett's 25% developer bar
Far belowFar above
41% median
10.8%
0%100%
19.3% median
52%
0%100%
3% median
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Acquisition Susceptibility
7.5/10
Unlikely bolt-onFits the takeout profile

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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.

Risk/Reward Asymmetry
0.01x P/NAV· 0th percentile of 39 stage+commodity peers· Unexplained

P/NAV of 0.01x sits in the 0th percentile among 39 pea-stage gold peers, despite a jurisdiction score of 9/10 -- high enough that jurisdiction risk alone doesn't obviously explain the discount. Flagged as genuinely unexplained by this mechanical screen: either a real mispricing, or a real risk this screen can't see (a jurisdiction issue this score doesn't capture, or some other factor entirely) -- a distinct, more speculative bucket with no identified resolution catalyst, not the jurisdiction-risk pattern above. See this company's own profile page for any completed, cited research (Task #530) into that real "why," where one exists yet.

No specific catalyst identified

[Task #530, 2026-08-22] Checked for a specific negative catalyst and found none -- Quartz Mountain is genuinely early-stage (maiden PEA effective ~8 Apr 2026, Tier-1 Oregon/Ontario jurisdictions already scored 9/10) and the company is well-financed for this stage: a fully-subscribed US$11.5M brokered placement (BMO Capital Markets as agent, closed 3 Oct 2025) plus a US$1.69M flow-through placement, both explicitly earmarked for PEA completion, permitting advancement, and exploration. The extreme P/NAV gap ($1.71B PEA-stage NPV vs. $23.7M market cap, ~74x) looks like the ordinary, steep discount a maiden-PEA-stage micro-cap trades at before a PFS de-risks the project, not a distinct dispute, incident, or financing-distress signal -- no going-concern language, no lapsed permit, no safety event found.

Sourceas of Dec 19, 2025Single source

A relative screen, not a probability and not a reason to buy. This flags companies trading unusually cheap vs. peers of the same lifecycle stage and commodity, for a real, identifiable reason (a jurisdiction risk, a specific dispute, an incident, a financing gap) that may or may not ever resolve favorably. "Unexplained" candidates carry no identified driver at all -- a more speculative bucket than a named catalyst.

Overall Score Trend
+6% since 2026-08-11

Your Rankings

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Management Team

Chief Executive Officer and Executive Chairman of Q-Gold Resources Ltd. Assumed the additional Executive Chairman title on March 23, 2026, when Stan Bharti stepped down as board chairman to move into a strategic advisory role.

President of Q-Gold Resources Ltd., appointed March 23, 2026. Over 35 years of capital-markets experience including a 31-year career at BMO Capital Markets, culminating as Vice-Chair (2015-2023), advising mining companies from grassroots exploration through production and M&A financing.

Chief Financial Officer of Q-Gold Resources Ltd., appointed as part of the company's February 2026 management strengthening announced ahead of the Quartz Mountain Gold Project's PEA.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
4/10

ASA Gold and Precious Metals, a real specialist closed-end mining fund, holds a solid 9.28% stake, and the Franklin Gold and Precious Metals Fund holds another 4.5% -- two genuine specialist funds on the register, with total institutional ownership over 26%. A senior officer has also bought on the open market twice this year.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Quartz Mountain maiden PEA (Kappes Cassiday, effective ~8 Apr 2026): 2.01 million oz Au Indicated (written to ouncesFound, the M&I convention) plus 494,000 oz Au Inferred (recorded here in technicalReportNote only, per this database's Measured+Indicated convention for ouncesFound).