Scorpio Gold Corporation
Scorpio Gold's 100%-owned Manhattan District covers ~4,780 hectares on the Walker Lane trend in Nevada, hosting the advanced-exploration-stage Goldwedge mine (400 tpd gravity mill) and four past-producing pits. A maiden resource estimate (effective Jun 4, 2025, filed Oct 23, 2025) reported 740,000 oz inferred gold across the Goldwedge and Manhattan Pit areas, built from over 92,000m of historical drilling. On July 27, 2026 the company announced intent to pursue a Nasdaq ADS listing alongside its existing TSXV/OTCQB/Frankfurt lines.
Notable vs. Peers
- Financials score of 2.3/10 is weaker than the peer average of 5.3/10.
- Trading within 7% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: tailings facility, grid power.
Jurisdiction (40%)9/10
Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. Nevada (Walker Lane trend) is a top-tier, mining-friendly US jurisdiction with strong permitting precedent.
Infrastructure (40%)7.9/10
A confirmed mill and confirmed road access at Manhattan District (Goldwedge), Nevada; grid power and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Round Mountain (Kinross Gold Corporation), 117 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
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: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:2.8/10
Nearest producing mine: Round Mountain (Kinross Gold Corporation), 117 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% 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% · 9% 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
CEO and Director of Scorpio Gold Corporation. Investment banker/business development executive with a software engineering background; helped originate $50M+ in financing via Altus Capital Partners.
Chief Financial Officer of Scorpio Gold Corporation; also Chief Financial Officer of Blue Star Gold Corp. CPA (BC and NH); 20+ years in accounting/consulting, specializing in public-company M&A, reverse take-overs, and IPOs.
VP Exploration at Scorpio Gold Corporation; also a director of Saga Metals Corp. Geologist, 8 years across Canada, Nevada, Uzbekistan, Finland, Japan, Mali; prior work with B2Gold.
VP Operations at Scorpio Gold Corporation. 30+ years as mine engineer/operations manager; degrees from Boise State University and Phoenix Institute of Technology.
Chief Geologist at Scorpio Gold Corporation. 13+ years across petroleum/mining; managed budgets up to $35M; B.Sc. Geology, University of Alberta.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Scorpio Gold's largest shareholder is Euro Pacific Asset Management. Insider Peter Hathaway bought shares on the open market in July and October 2025.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Scorpio Gold owns 100% of the Manhattan district, about 4,780 hectares on Nevada's Walker Lane trend, including the past-producing Goldwedge mine with a 400 tpd gravity mill and four past-producing pits. Its maiden resource, effective 4 June 2025, is entirely inferred: 18.343 Mt at 1.26 g/t for 740,000 oz of gold across the Goldwedge and Manhattan Pit areas. A 50,000 m Phase 2 drill program aims to grow the resource toward 2 Moz by the end of 2026, with hole 26MN-109 returning 3.38 g/t gold over 33.31 m at Goldwedge, and a first preliminary economic assessment is targeted for the fourth quarter of 2026. In July 2026 the company announced its intention to list American depositary shares on Nasdaq.