Gold X2 Mining Inc., engages in the exploration and development of gold in Canada. It holds 100% in the Moss Gold Project located in Ontario, Canada. The company was formerly known as Goldshore Resources Inc. and changed its name to Gold X2 Mining Inc. in September 2025. The company is headquartered in Vancouver, Canada.
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Gold X2 Mining Inc
Sector
Precious Metal
Founded
June 4, 2021
Employees
52
Reporting Currency
CAD
Contact Phone
604 288 8005
Website
goldx2.comHeadquarters Address
450 Commerce Place , Vancouver , BC V6C 3A6 , CA
Identifiers
ISIN
CA38076G1037Interactive chart powered by TradingView. Use the chart tools to analyze price trends.
Gold X2's $2.2B Moss PEA is a base case — drilling suggests a longer mine life and 300,000+ ounces a year as the resource keeps growing. Post-PEA financing pulled in AngloGold Ashanti and Hess Capital, timed to a tight window in volatile gold markets. Management frames Moss as built-to-produce, not built-to-sell, with a Q1 2027 resource update and a year-end PFS. Upgraded geology, a fresh MRE (Mineral Resource Estimate), and a PFS-quality PEA turned skeptics into believers and drew in strategic backers.
Fredonia, Thunder Gold, and OnGold trade at $16-$19 per ounce in the ground — Macfarlane's level three months before its Gentile-triggered 3x run. Near-term catalysts differentiate the three: Fredonia's August PEA (Preliminary Economic Assessment), Thunder Gold's Q3 resource estimate and year-end PEA, and OnGold's fall 43-101. Gold X2 trades at $183/oz on Moss while Macfarlane sits at $51 — the per-ounce gap defines the upside target for earlier-stage juniors. Thunder Gold's 0.45 g/t grade needs a strong gold tape — the host argues a strong gold environment is coming over the next 6-12 months.
McFarlane Lake's Juby project grew to 6.2M oz inferred+indicated, a 50% jump from 4.2M oz with only 13,000m of drilling. The CEO projects another 3-4M oz on the way to a 10M oz target with 50,000-70,000m of additional drilling. Hanging wall drilling at the Juby deposit is hitting mineralization previously classified as waste, which could improve the strip ratio. Largest shareholder Gentile argues the US Treasury's bigger bond intervention signals yield curve control — bullish for gold. McFarlane trades at $25-27 per ounce in the ground versus $70-80 per ounce for peers like Probe Gold and Banyan Gold.
Fixing a junior's balance sheet can trigger a rerating faster than drilling: clearing debt and pulling in warrants revived a stalled gold developer. Gold developers can trade at a quarter of peers per ounce in the ground once a debt overhang lifts, leaving a wide value gap. Michael Gentile argues gold producers still trade below 1x NAV while copper peers re-rated, so generalist money has yet to arrive in gold. Consistent, low-cost drilling across several juniors keeps adding ounces every few weeks before the market pays attention to the results. The strongest junior positions keep making new highs; add when the story still strengthens instead of selling success by reflex.
AngloGold Ashanti made a strategic investment in Gold X2, signaling major validation for the company's Ontario gold project and its development timeline. An ongoing 160,000-metre drill program with eight rigs aims to expand the resource and extend mine life beyond what the current PEA (Preliminary Economic Assessment) outlines. Henrichsen argues the market has not yet priced in the project's full scale, pointing to underground optionality and strong infrastructure as key de-risking advantages.
Moss Gold could average 265,000 oz/year at $1,188/oz AISC over 13.2 years, but the $2B capex makes base-case economics only marginal. At $2,750 gold, NPV sits at $2.2B CAD with a 3.2-year payback; at $4,600 gold, NPV leaps to $6.6B CAD with a one-year payback. The PEA only counts open-pit ounces (2.1M oz indicated, 3.9M oz inferred), leaving underground material as future upside. Gold X2 trades at 0.23x EV/NPV — near the cheap end of the 0.05x to 2.2x range seen across Canadian developers. Moss is years from construction: feasibility study targeted within two years, permitting to begin in the second half of next year.
Peter Gianulis, CEO of A2 Gold Inc., presents company updates at the Metals Investor Forum in Vancouver, targeting retail and institutional investors. A2 Gold trades on TSX-V under AUAU and OTCQX under AUXXF, offering potential dual-market liquidity for interested mining investment portfolios. Forum emphasizes vetted junior mining companies with proven management teams, providing investors direct access to leadership for critical due diligence.
Gold X2 Mining's first PEA for its Moss Gold project in Ontario describes a $2 billion CapEx, 13-year open-pit mine. After-tax NPV swings from $2.2B CAD at $2,750 gold to $6.6B CAD at $4,600 gold, with IRR moving from 22.1% to 48.6%.
Gold X2 Moss Lake PEA | Leverage to $5000 Gold Read article A room for resource investors taking shape now — independent, spam-free, no hype.