OrbitonOpen research workspace →
Thesis Gold logo

Thesis Gold

TSXV:TAULive AI agent

Thesis Gold and Silver Inc.

Investor website: https://www.thesisgold.com/

About

Thesis Gold and Silver Inc. is a precious metals development company focused on unlocking the potential of its 100% owned Lawyers-Ranch Project, located in British Columbia’s prolific Toodoggone Mining District. A Positive 2025 Pre-feasibility Study highlights robust project economics at Base Case prices of US$ 2,900/oz Au and US$ 35/oz Ag, including: After-tax NPV 5% of CAD 2.4 billion, IRR of 54.4%, Low Initial Capex of CAD 736.20 million, Low AISC of US$1,185/oz AuEq, Fast Payback Period of 1.1 years, and Silver contributes nearly ¼ of total revenue. The Company’s 2026 roadmap includes initiating a Feasibility Study and Detailed Engineering Studies to be completed in 2027, advancing the Environmental Assessment Process, and conducting a robust exploration and drill program to extend known gold/silver mineralization and testing deep porphyry targets to continue de-risking the Project.

Verified company data

Cash position
$36,089,538
Shares outstanding
279.57m
Fully diluted shares
294.3m
Mineral resource
The PFS is based on the Mineral Resource Estimate that includes the project’s maiden Mineral Reserve Estimate and was prepared by P&E Mining Consultants Inc., and APEX Geoscience Ltd., with an effective date of October 16, 2025. It is summarized below. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Significant Mineral Resource growth potential remains across both Lawyers and Ranch projects: - The underground Mineral Resource at Lawyers is open for expansion at depth - Ranch Mineral Resource zones also remain open - Over 20 undrilled targets hold potential for further discoveries. The Lawyers area contains the majority of the Mineral Resource hosted in low sulfidation style epithermal deposits, while the Ranch area, which makes up the remaining portion of the Mineral Resource, is a characteristic lithocap environment hosting high sulfidation deposits. Technical Report: https://www.thesisgoldsilver.com/_resources/reports/2024_MRE_Technical_report_NI_43-101_English.pdf Summary of October 27, 2025, Mineral Reserve Estimate | **Category** | **Tonnes (kt)** | **Au**<br>**(g/t)** | **Ag**<br>**(g/t)** | **AuEq**<br>**(g/t)** | **Au (koz)** | **Ag (koz)** | **AuEq**<br>**(koz)** | | :-: | :-: | :-: | :-: | :-: | :-: | :-: | :-: | | **Open Pit** | | | | | | | | | **Proven** | | | | | | | | | Lawyers Area | 31,582 | 0.97 | 33.45 | 1.39 | 990 | 33,965 | 1,414 | | Ranch Area | 365 | 3.66 | 1.11 | 3.67 | 43 | 13 | 43 | | **_Open Pit Subtotal: Proven_** | **_31,948_** | **_1.01_** | **_33.08_** | **_1.42_** | **_1,033_** | **_33,978_** | **_1,457_** | | **Probable** | | | | | | | | | Lawyers Area | 39,661 | 0.79 | 20.16 | 1.04 | 1,007 | 25,709 | 1,329 | | Ranch Area | 2,134 | 1.65 | 11.69 | 1.80 | 113 | 802 | 123 | | **_Open Pit Subtotal: Probable_** | **_41,795_** | **_0.83_** | **_19.73_** | **_1.08_** | **_1,120_** | **_26,511_** | **_1,452_** | | **Underground** | | | | | | | | | **Proven** | | | | | | | | | Lawyers Area | 1,301 | 2.96 | 115.68 | 4.41 | 124 | 4,839 | 184 | | **_Underground Subtotal: Proven_** | **_1,301_** | **_2.96_** | **_115.68_** | **_4.41_** | **_124_** | **_4,839_** | **_184_** | | **Probable** | | | | | | | | | Lawyers Area | 1,112 | 3.08 | 95.55 | 4.28 | 110 | 3,416 | 153 | | **_Underground Subtotal: Probable_** | **_1,112_** | **_3.08_** | **_95.55_** | **_4.28_** | **_110_** | **_3,416_** | **_153_** | | **Total** | | | | | | | | | Proven | 33,249 | 1.08 | 36.31 | 1.54 | 1,156 | 38,817 | 1,642 | | Probable | 42,907 | 0.89 | 21.69 | 1.16 | 1,231 | 29,927 | 1,605 | | **_Proven + Probable_** | **_76,156_** | **_0.97_** | **_28.08_** | **_1.33_** | **_2,387_** | **_68,743_** | **_3,246_** |
Projects
["Lawyers-Ranch Project: A Gold Project, With Meaningful Silver Leverage. Excellent Infrastructure and Access – Year-round road accessible with a permitted airstrip and potential for a nearby power tie-in; Lawyers-Ranch is approximately 45 km from the Kemess Copper-Gold Mine. Significant Gold-Silver Reserves and Resources – Thesis has defined a total Mineral Reserve of 3.2 Moz AuEq (P&P) at 1.33 g/t AuEq, and a total Mineral Resource (including Mineral Reserves) of 4.5 Moz AuEq (M&I) at 1.21 g/t AuEq and 643 koz (Inf) at 1.23 AuEq. Silver production accounts for approximately 23% of project revenue. Robust Pre-feasibility Study – The study outlines a high-margin, 15.2-year operation with strong projected economics leveraging existing infrastructure. District Scale Exploration Potential – numerous undrilled epithermal targets and underlying porphyry potential have been identified. Active Expansion and De-risking – Ongoing permitting, technical studies, exploration and expansion drilling, and field reconnaissance are unlocking new growth opportunities across the project."]
Leadership
Ewan Webster (President, CEO, and Director, Ph.D., P. Geo. with extensive experience in resource development and project management.), Stephen Crozier (Executive Vice President, External Affairs and Sustainability, 18 years of experience in mining, focusing on government and Indigenous relations.), Christina Anstey (Director, Project Management, geologist with over 10 years of experience in exploration projects.), Russell Ball (Director, seasoned international mining executive with over 30 years of experience, former CEO of Calibre Mining Corp.), David Garratt (CFO and Corporate Secretary, CPA, CA with over 20 years of financial leadership experience in mining.), William (Bill) Lytle (Non-Executive Chairman, Senior Vice President & COO of B2Gold Corp., with extensive expertise in mining operations and engineering.)

Verified data last updated:

Recent filings

Investor FAQ

About Thesis Gold (TSXV:TAU)