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

Spanish Mountain Gold Ltd.

SPA·$0.25·$108M cap
GoldSpanish Mountain Gold Project, Cariboo Region, British Columbia Map

Spanish Mountain Gold's 100%-owned project in BC's Cariboo region hosts a 4.2-million-ounce measured & indicated gold resource and an August 2025 PEA outlining a 24.5-year, roughly C$1.0 billion NPV5% open-pit operation, with a 2026 feasibility-level drill program under way -- partly funded by a US$55 million NSR sale to Wheaton Precious Metals -- ahead of a targeted construction decision by 2028.

Notable vs. Peers

  • Financials score of 1.4/10 is weaker than the peer average of 6.6/10.

Lifecycle Milestones

Grassroots
Resource Def.
PEA
PFSCurrent
Feasibility
Permitting
Construction
Production
10/10
Weak track recordStrong track record
1.4/10
Thin runwayWell-capitalized
9/10
High riskLow risk
How this is calculated
6.2/10
Weaker depositStronger deposit
6.7/10
Weaker profileStronger profile
Price Chart
$0.093$0.093$0.179$0.223$0.253AugNovMarJunSep
Aug 12, 2025Sep 4, 2026
News
$0.25
+193%from low-16.3%from high
$0.09$0.30
See who ↓
25.5%
Low alignmentHigh alignment
See who ↓
0.3%
Low alignmentHigh alignment
$108M
Far belowFar above
$29.1M median
Price (USD - Local)
$0.25 - CAD 0.35
Cash Position (USD)
$971.1K
Far belowFar above
$11.8M median
Debt (USD)
Far aboveFar below
$0 median
$107M
Far belowFar above
$26.9M median
525.3M
Far aboveFar below
172.1M median
Jurisdiction
Canada
4,163,600 oz
Far belowFar above
1.3M median
$25.70/oz
Far aboveFar below
$158.80/oz median
0.0128 oz/tCut-off: 0.15 g/t Au (Main deposit Mineral Resource cut-off, eff. 10 Jan 2025); 0.20 g/t Au (Phoenix deposit Mineral Resource cut-off, eff. 17 Jun 2025, higher threshold due to limited metallurgical data vs. Main). Straight Au basis, open pit only
Far belowFar above
0.04 oz/t median
Open pit
24.5 yrs
Far belowFar above
11 yrs median
@5%$727.8M(at $2,450/oz)
Far belowFar above
$596.9M median
0.15x
Far aboveFar below
0.46x median
This company's data hasn't been researched yet
Not enough peer data yet
$2,450/oz45% below spot ($4,480/oz)
18%Below Durrett's 25% developer bar
Far belowFar above
43% median
25.5%
0%100%
19.1% median
0.3%
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
8.6/10
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.

Overall Score Trend
+28.8% since 2026-07-26 · -8.2% from peak

Your Rankings

Community Sentiment
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Management Team

President, Chief Executive Officer and Director of Spanish Mountain Gold Ltd. Professional engineer with 30+ years of gold, silver, diamond and base metals experience globally; former President of Avanti Kitsault Mine, COO of Alloycorp Mining, Group Executive at Newmont, and most recently COO of McEwen Mining (Canada/Mexico/Argentina/USA). GM of De Beers' Victor diamond mine when it won Mining Magazine's Mine of the Year in 2009. BSc/MSc Mining Engineering, UBC.

Chief Financial Officer of Spanish Mountain Gold Ltd. ~30 years of mining experience, starting at PwC, then VP/Senior VP Tax at Kinross Gold, Goldcorp and Placer Dome. CPA-CA.

Director of Finance at Spanish Mountain Gold Ltd. 20 years of mining finance/project management experience across gold, silver, nickel, copper, zinc and diamonds; built financial systems for De Beers' Victor mine and McEwen Mining's multi-country operations; recently COO of Mushkegowuk Development Corp.

VP ESG at Spanish Mountain Gold Ltd. 18+ years of ESG strategy, permitting and Indigenous relations experience at major Canadian mining operations; at Centerra Gold directed the Mt. Milligan mine-life extension, and previously worked on Artemis Gold's Blackwater project permitting. Recipient of the 2021 BC TCRC Jade Award.

Director, Talent & Organizational Effectiveness at Spanish Mountain Gold Ltd. 20+ years in natural resources/mining focus; certified leadership coach.

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
1/10

Checked, and nothing attributable turned up. Reported institutional ownership is 0.3% -- effectively nil -- while directors and management hold about 25.5%, so the company is insider-held rather than institutionally backed. No producer, strategic corporate or dedicated resource fund could be confirmed on the register, and no funded earn-in or joint venture with a major over the Spanish Mountain project in the Cariboo region of British Columbia was identified.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.