Scorpio Gold Corporation

SGN

Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It primarily explores for gold and silver deposits. The company holds 100% interests in the Mineral Ridge gold project covering an area of 5,617 hectares located in Esmeralda County, Nevada; and Goldwedge property that covers an area of 717 hectares located in Manhattan, Nevada. It also holds 100% interest in the Manhattan property covering an area of 1,740 hectares located in Nye County, Nevada. The company is based in White Rock, Canada.

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Analysis

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Financials

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Information

Key Information

Legal Entity

Scorpio Gold Corporation

Sector

Precious Metal

Founded

June 15, 2009

Reporting Currency

CAD

Website

www.scorpiogold.com

Headquarters Address

15782 Marine Drive , Vancouver , BC V4B 1E6 , CA

Identifiers

ISIN

CA80918M3021

Commodity Portfolio

AU Gold Primary

Stock Exchanges

SGN TSXV • CAD

SGN:CVE

SRCRF OTC • USD

SRCRF:OTCMKTS

Organization

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Management team and industry partnerships.

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Videos

Brien Lundin & Dan Steffens - Gold & Oil Stocks: Spin Outs, Near Term Producers, Growth Companies

The KE Report

10 days ago 54:29

Key Highlights

brief

Lundin uses Scorpio Gold as a toll-milling case study that can work in both directions: it sold the mill on its project to a mining consortium and raised cash in the process.
He adds that Scorpio looks very likely to supply that mill's first feed, since the buyers want ore from the project the mill sits next to.

Lundin calls precious metals a full bull market, arguing the fundamental drivers are the most solid he has seen since the 1970s. Gold's September pullback tracks rising bond yields, not broken fundamentals — algo traders reverted to the old 'higher yields, sell gold' reflex. Beaver Creek chatter centered on spin-outs, 9.9% strategic stakes, and toll milling — renting mill capacity rather than building it. Lundin wants each spun-out asset valued individually, and reads a strategic's stake as validation only if they fund the next raise. Steffens says oil equities trade as if crude is $60 while it fetches $90; refinery outages, not crude scarcity, squeeze diesel and jet fuel.

Scorpio Gold’s Nasdaq Debut ($SGLD), Manhattan District Scale Potential, and Reprocessing Upside

MiningStockEducation.com

24 days ago 16:42

Key Highlights

detailed

The NASDAQ debut under ticker SGLD was a core 2026 goal to reach deeper US capital markets and a broader investor base, though the CEO describes the first trading day as 'wild' — the stock was halted after roughly 300% intraday swings tied to an ADR arbitrage event the company says came from outside parties.
Scorpio is targeting an updated mineral resource estimate (MRE) of about 2 million ounces by year-end 2026, up from the current 740,000 ounces, at a current grade of 1.26 g/t — the CEO acknowledges grade will likely decline as the resource grows but expects it to remain among the highest-grade open-pit modeled resources in Nevada.
The CEO argues the market is undervaluing Scorpio on a per-ounce-in-the-ground basis and is missing the 'district-scale' potential: Scorpio controls 8.5 kilometers of strike but has only drilled about 2 km, and sits 10 miles south of a 15 million ounce Kinross-operated mine within the same caldera, with around 50 million ounces of historic regional production.
Scorpio kicked off a roughly $600,000 sonic drilling program (32 holes, about 20 days) to test historic leach pads, waste dumps, and low-grade stockpiles left from Echo Bay's 1981–1991 Manhattan mine operation, with preliminary results expected by year-end 2026 to feed a planned 2027 PEA and potential shorter-term toll-milling optionality.
Scorpio closed a CAD $10.8 million no-warrant financing at CAD $0.25 in July 2026, with roughly 50% from new institutional shareholders and 50% from existing holders, and reports a treasury of about CAD $8 million — enough, per the CEO, to fund the MRE and complete the current drill program.

The guest argues the market is missing district-scale potential at Manhattan: only 2 km of an 8.5 km mineralized trend has been drilled. Scorpio Gold is targeting a 2-million-ounce resource update by end of 2026, up from 740,000 ounces, with two drills still turning in Nevada. A ~$600,000, 32-hole sonic drilling program will grade historic leach pads and waste dumps for potential toll-milling cash flow. The Nasdaq ADR (American Depositary Receipt) listing moved a larger share pool to the US, and a recent C$10.8M raise leaves Scorpio Gold with ~C$8M.

Rua Gold ($RUA | $NZAUF): Unlocking Reefton’s Historic Goldfield

Investor TV

25 days ago 42:41

Key Highlights

brief

The host cites Scorpio Gold as a recent example where a US uplisting (to NYSE/NASDAQ) caused the stock to 'explode higher', framing this as relevant to RUA's potential H1 2027 listing decision.

Reefton's Old Creek targets first antimony-gold concentrate by mid-2028 from a 25,000 oz/year starter mine with $130M CapEx. Nine undrilled historic mines at Reefton support a hub-and-spoke expansion that could roughly double throughput. Antimony co-product (25% antimony, 80 g/t gold) drew metal trader Mercuria into a $5M strategic investment. New Zealand's fast-track permitting compresses mine approvals to about six months; application is due October. Three oversubscribed, warrant-free raises let Rua Gold fund the permitting path with minimal dilution overhang.

Live Q&A with Rick Rule and Steve Barton

Rule Investment Media

2 months ago

Rick Rule frames currency debasement and a structural copper deficit as multi-year themes, and treats the uranium pullback as a buying window rather than a topping signal. Two majors as shareholders of a junior like Founders Metals create real auction tension if a discovery is made, plus adult supervision and a tighter effective float. Rule sizes lithium as a processing-bottleneck story, not a raw-material shortage, and flags direct lithium extraction from oil and gas brines as the long-term threat to hard-rock producers. Abitibi 'orphan' deposits such as Emperor Metals can now monetize via nearby mills, removing the capex bar that once left them undeveloped in past cycles. Rule is constructive on Cameco, Origin Royalties, Alamos, Emperor, B2Gold, and Cheniere; he is cautious on lithium juniors and explicitly refuses to time the uranium market.

Scorpio Gold Confirms Round Mountain (16M AuOz) Mineralization in New 5 sq km Target – Zayn Kalyan

MiningStockEducation.com

4 months ago

Key Highlights

detailed

The CEO reports early proof-of-concept gold mineralization in volcanic/tuff units of a new 5-square-kilometer caldera target, analogous to Kinross' Round Mountain mine 10 miles north, which he argues could support bulk-tonnage resource expansion at scale.
The best volcanic-unit intercept to date is about 0.6 g/t gold over roughly 60 meters near Black Mammoth, which he calls early stage and outside the current resource model.
He maintains the target of 2 million ounces of resource by the end of 2026, up from the prior 740,000-ounce inferred resource at 1.26 g/t, with an updated resource targeted for December 2026-January 2027.
As of June 2026, about 27,000-28,000 meters of the 50,000-meter drill program had been completed year to date with three rigs and roughly 100 holes reported, none of it yet in the resource, with news flow of one press release every one to two weeks expected to continue.
The company is evaluating historic Manhattan tailings and leach pads as a potential non-dilutive cash flow source to be developed with partners and without balance sheet or production risk, needing about six months to define grade and volume.

Early drilling confirms gold mineralization in a new 5 sq km Manhattan caldera target, echoing Kinross' nearby 16-million-ounce Round Mountain producer. A caldera (collapsed volcano) can host wide, low-grade gold: the best volcanic intercept runs about 0.6 g/t (grams per tonne) over 60 metres. About 27,000-28,000 of 50,000 planned metres are drilled; an updated resource estimate is targeted for December-January toward the two-million-ounce goal. Management is evaluating historic Manhattan tailings and leach pads for partner-funded, non-dilutive cash flow, with roughly six months needed to size the opportunity. A second Mineral Ridge payment arrived in May, the final US$1 million is due in August, and a U.S. uplisting nears completion.

Triumph Gold ($TIG) Advances Projects in Yukon and Utah | Interview with Don Durrett and John Feneck

Investor TV

4 months ago

Key Highlights

brief

The analyst names Scorpio Gold as 'a beautiful drill story' he has already had on the show, listing it alongside Nevada King as one of the Nevada names he would consider in a bull market.

Triumph Gold's CEO argues the company stayed deliberately idle through the bear market and is now spending. A $5.4 million raise funds three drill rigs, a 45-person camp, and re-logging all 150,000 metres of historic core. The CEO says old drill logs plus 30,000 soil samples are being reassessed with AI to define a major discovery target. A Utah silver project carries a 12-tonne bulk sample grading 45 ounces per tonne, with drilling targeted for late summer. The analysts frame both assets as undervalued versus what they estimate the ground is worth per ounce.

“One of the Most Impressive Holes”: Scorpio Gold Hits 10.40 g/t over 5.67m explains CEO Zayn Kalyan

MiningStockEducation.com

5 months ago

Scorpio Gold's step-out drilling on the Zanzibar trend returned 10.40 g/t gold over 5.67 metres, including a high-grade interval of 455.52 g/t over 0.49 metres. The company's consolidated Manhattan District is located in Nevada, positioned approximately ten miles south of Kinross Gold's producing Round Mountain mine. CEO Zayn Kalyan and VP Exploration Harrison Pokrandt explain how these new drill results expand the mineralized footprint along the Zanzibar trend.

Don Durrett and John Feneck Interview Scorpio Gold ($SGN | $SRCRF) CEO on 50,000 m Drill Program

Investor TV

6 months ago

Key Highlights

detailed

CEO Zayn Kalyan says Scorpio is fully financed for a 50,000-meter drill program running January through December 2026, aiming to grow its 740,000 oz resource at 1.26 g/t to 2 million ounces by year-end, with 3-5 million ounces as longer-term guidance he is comfortable discussing.
Three drills are active: roughly 20,000 m drilled over the past 12 months and 8,000+ m since January, results released every 2-3 weeks, with mineralization hit in all but about four of nearly 80 holes since mid-2024; an updated resource estimate is targeted for Q1 of next year.
Financially, the CEO cites just over $8 million cash against ~$1 million monthly burn, Ross Beatty and Eric Sprott in a 25-cent placement (September 2025), warrants fully exercised by end-February, and a NASDAQ cross-list via MJDS he says is close to completion.
Pressed by Don Durrett, the CEO says the company is not locked into drill-and-sell: a sale to a mid-tier (his stated endgame, serious M&A talk ~18 months out), a JV with a free carry, or building the mine are all live options as gold margins expand.
Don Durrett's verdict: worst case a 2-3 bagger from the current ~$89 million fully diluted US market cap, with a dip to a $75-80 million market cap a good entry — though he expects drill-only progress for about two years and stays on the sidelines until any pivot to production.

Scorpio Gold is fully funded for a 50,000 m Nevada drill program, targeting growth from 740,000 oz toward 2 million oz this year. The CEO frames an eventual sale to a mid-tier as the goal, but says the company is not locked into any path. Grade is the differentiator: holding roughly 1.26 g/t against a 0.6 g/t Nevada open-pit average supports premium margins and strategic value. Durrett argues gold's pullback is a warning that the S&P is overextended, so he would buy junior dips rather than chase. The hosts frame junior mining returns as asymmetric: size positions small, buy capitulation, and only risk what you can afford to lose.

“Hole 57 is a Discovery Hole”: Scorpio Gold Hits at Black Mammoth Target explains Leo Hathaway

MiningStockEducation.com

7 months ago

Scorpio Gold's Black Mammoth target yielded a discovery hole with 40.23m of over 1 g/t gold, validating the Reliance Fault structure with systematic 50m step-outs now underway. The company aims to expand its current 740,000-ounce pit-constrained inferred resource toward a 2-million-ounce year-end target using a Lumina Group-style district consolidation plan. Three rigs are actively drilling the Manhattan District in Nevada, with early diamond-drill results from the Iron Queen target and six holes pending assays.

Zayn Kalyan of Scorpio Gold talks to Jeff Clark | Metals Investor Forum | January 2026

Metals Investor Forum

9 months ago

Scorpio Gold CEO outlines 100%-owned Manhattan District potential in Nevada's Walker Lane Trend, highlighting late-stage exploration upside. Company leverages extensive historical drilling database and Goldwedge Mine asset to advance development in a proven mining jurisdiction. Interview provides investors direct management access to assess execution capability and strategic vision for Nevada gold assets.

Zayn Kalyan of Scorpio Gold Corp. presents at Metals Investor Forum in Vancouver | January 2026

Metals Investor Forum

9 months ago

Zayn Kalyan, CEO of Scorpio Gold Corp., presents company updates at the Metals Investor Forum in Vancouver, January 2026. The forum features vetted junior mining companies with excellent management, strong financials, and promising properties. Investors gain direct access to management teams for in-depth Q&A, a critical factor for assessing junior mining investments.

Articles

Sort

Scorpio Gold Reports Round Mountain-Style Gold in Volcanics at New Manhattan Caldera Target

CEO Zayn Kalyan says drilling at Manhattan has found Round Mountain-style gold in volcanic units, defining an early-stage, five-square-kilometer caldera target with possible bulk-tonnage scale. Scorpio Gold still targets 2 million ounces by year end, an updated resource in December/January, and a tailings cash-flow study in about six months.

4 months ago

Scorpio Gold Confirms Round Mountain (16M AuOz) Mineralization in New 5 sq km Target – Zayn Kalyan

Read article

Scorpio Gold CEO Outlines Fully Financed 50,000-Meter Drill Program Targeting 2 Million Ounces in Nevada

Scorpio Gold CEO Zayn Kalyan says the company is fully financed for a 50,000-meter drill program to grow its 740,000-ounce Nevada resource to 2 million ounces by end-2026, with 3 to 5 million ounces as the longer-term goal. Analysts Don Durrett and John Feneck frame the company as a sell, JV, or build decision with multi-bagger potential.

6 months ago

Don Durrett and John Feneck Interview Scorpio Gold ($SGN | $SRCRF) CEO on 50,000 m Drill Program

Read article

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