# Westhaven Gold Corp. (TSXV:WHN)

> Westhaven is a gold and silver focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia.

## About

Westhaven is a gold and silver focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~60,263 hectares within four gold properties spread along this underexplored belt. The Shovelnose gold project is the most advanced property, with a recently updated 2025 Preliminary Economic Assessment that validates the project’s potential as a robust, low-cost and high-margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$1.00=US$0.72).

## Key facts

- **Cash position:** $3,447,076
- **Shares outstanding:** 224508635
- **Fully diluted shares:** 109,629,966
- **Warrants:** 2,284,662
- **Options:** 2292637
- **Mineral resource:** The Initial Mineral Resource Estimate for the Shovelnose Gold Property-South Zone, with an effective date of January 1, 2022, is presented in Table 1.1. At a cut-off of 0.35 g/t AuEq, the pit constrained initial Mineral Resource Estimate consists of: 10,592 kt grading 2.32 g/t Au and 11.43 g/t Ag, or 2.47 g/t AuEq in the Indicated classification; and 9,177 kt grading 0.89 g/t Au and 3.47 g/t Ag, or 0.94 g/t AuEq in the Inferred classification. Contained metal contents are 791 koz Au and 3,706 koz Ag in the Indicated classification, and 263 koz Au and 1,028 koz Ag in the Inferred classification.
- **Projects:** ["The Shovelnose Gold Property – South Zone, located approximately 30 km south of the City of Merritt and immediately east of the Coquihalla Highway, in south-central British Columbia. The Property is owned 100% by Westhaven Gold Corp. The Property hosts a low sulphidation epithermal gold-silver deposit. Gold is the dominant metal. The close proximity to both the City of Merritt and the Coquihalla Highway provides the Property with logistical support, access, and an excellent transportation and power supply corridor."]
- **Leadership:** Ken Armstrong (President & CEO), Patrick F.N. Anderson (Independent Director, Entrepreneur and business executive with over 30 years’ experience in the global mineral resource sector, known for leading significant discoveries and creating shareholder value.), Eira Thomas (Chairperson, Experienced in discovery and development of world-class gold deposits.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-19 — other — [whn_2026-05-19_17-18-04.pdf](https://chat.orbiton.app/wthvf/preview/51351?documentId=51351)
- 2026-05-19 — other — [whn_2026-05-19_17-17-34.pdf](https://chat.orbiton.app/wthvf/preview/51348?documentId=51348)
- 2026-05-19 — proxy — [whn_2026-05-19_17-17-03.pdf](https://chat.orbiton.app/wthvf/preview/51349?documentId=51349)
- 2026-05-19 — proxy — [whn_2026-05-19_17-16-31.pdf](https://chat.orbiton.app/wthvf/preview/51350?documentId=51350)
- 2026-05-07 — press_release — [whn_2026-05-07_06-11-28.pdf](https://chat.orbiton.app/wthvf/preview/38292?documentId=38292)
- 2026-04-30 — financials — [whn_2026-04-30_17-00-37.pdf](https://chat.orbiton.app/wthvf/preview/36559?documentId=36559)
- 2026-04-30 — annual_report — [whn_2026-04-30_17-00-07.pdf](https://chat.orbiton.app/wthvf/preview/36557?documentId=36557)
- 2026-04-30 — mda — [whn_2026-04-30_16-59-05.pdf](https://chat.orbiton.app/wthvf/preview/36558?documentId=36558)

## Investor FAQ

### [Latest news?](https://chat.orbiton.app/wthvf/faq/latest-news)

On February 23, 2026, Westhaven closed a strategic earn-in agreement with Dundee Corporation, allowing Dundee to earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures. This agreement includes a fully funded 50,000m drill program at Shovelnose in 2026, aimed at accelerating exploration and evaluation of the properties.

### [Upcoming catalysts?](https://chat.orbiton.app/wthvf/faq/upcoming-catalysts)

The first phase of the earn-in agreement with Dundee Corporation includes a minimum commitment of CDN$30,000,000 for exploration, which will involve a significant drill program at the Shovelnose property in 2026. This program is expected to provide important updates on the potential of the properties and may lead to further developments in the company's exploration efforts.

## Live AI chat

- https://chat.orbiton.app/wthvf/chat
- Investor website: https://www.westhavengold.com/