RPX Gold Inc.
RPX Gold Inc. (formerly Red Pine Exploration Inc., renamed effective 12 Feb 2026; TSXV: RPX) is a Toronto-based gold developer transitioning from exploration toward mine development at its 100%-owned, ~7,000+ hectare Wawa Gold Project, 2 km southeast of Wawa, Ontario, in the Michipicoten Greenstone Belt. A 2026 Mineral Resource Estimate (effective 8 Dec 2025) reported Indicated resources of 22,909,000 t at 1.69 g/t Au for 1,244,000 oz (open pit 22,378,000 t at 1.65 g/t for 1,190,000 oz + underground 531,000 t at 3.16 g/t for 54,000 oz) and Inferred resources of 9,951,000 t at 1.59 g/t Au for 509,000 oz. A Preliminary Economic Assessment (announced 18 Feb 2026, base case US$3,500/oz gold) delivered an after-tax NPV5% of C$523M, after-tax IRR of 99.7%, a 9-year mine life, and a 0.9-year after-tax payback.
Notable vs. Peers
- Financials score of 2.7/10 is weaker than the peer average of 5.3/10.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Ontario: Fraser PPI 2025 is 93.70 of 100 (rank 5 of 68), which maps to 9 on this site's scale. Ontario, Canada -- Tier-1 mining jurisdiction.
Infrastructure (40%)6.4/10
Confirmed road access at Wawa Gold Project, Michipicoten Greenstone Belt, Ontario, Canada; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)8.6/10
Island Gold District (Island Gold / Magino) (Alamos Gold Inc.) is 42 km away -- within regional-platform range.
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:8.5/10
Alamos Gold Inc. holds 8.88% (reported 1 Oct 2024) See holders
An operating producer's stake scores 8 at 5%, rising to 10 at 20% (the take-over-bid threshold) and holding there up to 50%.
Weight 25% · 34% here - Distance to a producing mineSub-score:5.8/10
Nearest producing mine: Island Gold District (Island Gold / Magino) (Alamos Gold Inc.), 42 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 31% here - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 20% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 9% 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% · 6% 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.
Your Rankings
Management Team
President and Chief Executive Officer of RPX Gold Inc. (formerly Red Pine Exploration Inc.), current as of the company's January 2026 Annual General Meeting results, following the departure of the company's former CEO.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Alamos Gold, an established Canadian gold producer, first invested cash in this company (then called Red Pine Exploration) in December 2019 -- 11.1% undiluted, 19.9% partially diluted -- and used its pro-rata right in October 2024 to hold 39,601,066 shares (13.55% at the time, per Red Pine's own 1 Oct 2024 closing release). No sale has been disclosed since, which makes it about 8.9% of today's 446 million shares; the company's own current materials mention Alamos only as a neighbouring mine operator, so this is scored as a real producer stake of uncertain current size.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
RPX Gold, renamed from Red Pine Exploration in February 2026, owns 100% of the Wawa gold project, more than 7,000 hectares about 2 km southeast of Wawa, Ontario, in the Michipicoten greenstone belt. Indicated resources contain 1,244,000 oz of gold (22,909,000 t at 1.69 g/t), with no measured category, plus 509,000 oz inferred, effective 8 December 2025. The February 2026 preliminary economic assessment shows an after-tax NPV5% of US$387.4M (CAD 523M) and a 99.7% IRR at US$3,500/oz gold, with initial capital of US$37.9M (CAD 51.2M), a 9-year mine life and an all-in sustaining cost of US$2,149/oz. Drilling reported in September 2026 from 25 holes totalling 4,336 m, about two-thirds of the meterage planned to support a pre-feasibility study, showed continuity within and beyond the PEA mine plan, particularly at the southern end of the Jubilee deposit, with potential to connect the North and South pits. The pre-feasibility study is targeted for the first half of 2027.