John Anderson

Triumph Gold's Drilling Plan Takes Shape in the Yukon

• Top takeaway Anderson says the company is upgrading its Yukon camp to a 45-person capacity to keep three drill rigs running full-time from April.
• He points to an email he sent four years ago as his record: no action until gold was above $2,200 and copper above $5,000, with a new Yukon government also required, and he says the price levels have now been reached.
• He adds that the company will also drill off its Utah silver project, which he says he is very confident in.

Triumph Gold CEO John Anderson honored a four-year-old public pledge: no action until gold topped $2,200 and copper reached $5. Both thresholds are met: the Yukon camp is growing to 45 people and three drill rigs (machines that bore core samples) start full-time from April. A new Yukon government was the third condition, tying the start of fieldwork to territorial politics as much as metal prices. Anderson also plans to drill a high-grade silver project in Utah, adding a second commodity to the gold-focused portfolio.

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

• Top takeaway His core argument is a data reset rather than new drilling: re-log every one of the 150,000 metres drilled on the Yukon property with modern technology and AI to look for a world-class discovery rather than to rebuild the old resource, with 2027 as his stated goal.
• He says the $5.4 million just raised goes to staff, a camp upgraded to 45 people, three drill rigs running full time from April until the money is gone, and the Utah silver drill-out, with a 9.9% investor coming in and more capital planned.
• On Utah he says the high-grade silver target has 32 historical holes and a 12-tonne bulk sample that returned 45 ounces of silver on silver alone; old permits were judged unreliable, new ones were applied for, and drilling is targeted for August, definitely September.
• He attributes the drop from a 5.2 million ounce 2013 study to the 2 million ounce 2020 report to regulation rather than disappearing ounces, and says he refused to spend until gold was above $2,200 and copper above $5.
• On alignment he notes he was an investor in the IPO, says he put $250,000 of his own money in during the week before the June 2026 interview, points to insiders at about 35%, and says flatly he is not selling at $150 million — he calls the project his legacy and dates the start of a big bull market to 1972.

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.