Roscan Gold Corporation
Roscan Gold Corporation is advancing its Kandiolé gold project, comprising nine contiguous permits over ~402 km2 in the Kéniéba Cercle of western Mali. An updated mineral resource estimate effective February 19, 2026 reported 1.283 million oz gold Indicated plus 0.09 million oz Inferred, underpinning a positive Preliminary Economic Assessment (effective Feb 27, 2026) for a 13-year, 2.5 Mtpa open-pit CIL operation with after-tax NPV5% of US$498 million and 43% IRR at US$3,100/oz gold. A mining permit application is in final review following Mali's March 2025 partial lifting of its suspension on mining-title processing.
Notable vs. Peers
- Jurisdiction risk score of 3/10 is meaningfully riskier than the peer average of 7.8/10.
- Financials score of 2/10 is weaker than the peer average of 6.6/10.
Lifecycle Milestones
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.
Your Rankings
Management Team
President and Chief Executive Officer of Roscan Gold Corporation. 30 years' international mining expertise; previously Managing Director of Equity Research at Clarus Securities, helping transition it into a leading financial mining institution; BSc Mining Engineering, Kwame Nkrumah University; MBA, Rotman School of Management.
Chief Financial Officer of Roscan Gold Corporation, appointed February 2026, having served on Roscan's board since September 2024. 17+ years in capital markets and mining; recently President & CEO of Radisson Mining Resources Inc.; previously directed precious-metals research at Canaccord Genuity; MBA, Western University; engineering degree, University of Kerala.
Vice President - Exploration at Roscan Gold Corporation. 30+ years of mineral exploration across West Africa and the Guiana Shield; involved in discovering the Morila gold deposit; previously managed exploration at Sandspring Resources and Endeavour Mining; EuroGeo certified; Master's, Free University of Brussels.
Corporate Secretary of Lahontan Gold Corp. Securities/corporate-commercial lawyer, managing partner of Irwin Lowy LLP since January 2010.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Asante Gold, an operating gold producer in Ghana, made a genuine US$5 million cash investment in Roscan in 2021, paying a premium to the market price for about 6.7% of the company, and secured board and pro-rata participation rights. We could not confirm whether Asante still holds that stake today, so this is scored on the strength of the original transaction with that uncertainty flagged.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Kandiolé Gold Project (Mali), effective 19 Feb 2026: Indicated 1.283 Moz gold (no Measured category yet -- ~97% of planned mill feed is Indicated material) + a separate 0.09 Moz Inferred, not included here per this repo's M+I-only convention. Mar 2026 PEA (base case, US$2,200/oz-class pricing): after-tax NPV5% US$498M, IRR 43%, ~13-yr mine life, average AISC US$1,200/oz over the first four years, initial capex US$218.7M. Sensitivity cases disclosed but not used here: US$836M NPV5%/62% IRR at US$4,000/oz consensus long-term price, US$1,293M NPV5%/85% IRR at US$5,280/oz spot.