Goliath Resources–70 Gold Drill Assays, 100% Golddigger Ownership, NSR Buydown & Strategic Investors
The KE Report Jan 28, 2026
Summary
Goliath's 2025 drill program intersected gold in 100% of 110 holes, with 92% of holes showing visible gold across five mineralized zones at Golddigger.
The company fast-tracked 100% ownership of Golddigger and cut the NSR royalty from 3% to 2%, opening takeover optionality for any future suitor.
Management pushed the maiden resource estimate deadline to June 2030, preferring aggressive exploration over fencing in ounces too early.
Cornerstone holders Rob McEwen and Crescat Capital increased stakes; McEwen Mining (MUX) shares held by Goliath have roughly tripled on paper.
A ~$60M cash position, plus $6.5M from McEwen warrants, fully funds a 50,000-meter-plus 2026 drill program focused on Surebet.
Key points on Mcewen Mining Inc
- Goliath's cost base on its MUX position is $11.50; Rosmus says the stock traded as high as ~$39 the week of the interview, putting the holding at roughly a 3-bagger on paper.
- McEwen Mining holds the last outstanding warrant tranche in Goliath worth ~$6.5M (expiring March 10, 2026), and Rob McEwen personally increased his direct ownership in Goliath.