CEO Alastair Still is steering the company away from its historical profile as a passive resource holder, emphasizing a transition toward active development. The strategy centers on three pillars: maintaining a debt-free balance sheet, technical execution, and unlocking value in the prolific Mid-Cauca Belt of Colombia.
Recent preliminary economic assessments highlight this shift, with the La Mina project showing a conceptual net present value of US$1.0 billion and the São Jorge project in Brazil projected at US$532 million. These results come as the company continues to deploy drill rigs at Yarumalito and São Jorge, aiming to prove the economic viability of its assets rather than merely accumulating land. With 13.1 million gold equivalent ounces in measured and indicated categories, the company is betting that systematic engineering and de-risking will force the market to recognize the fundamental value of its holdings, which currently include a 74% stake in U.S. GoldMining Inc. and its US$2.0 billion Whistler project in Alaska.



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