Scorpio Gold
Scorpio Gold is a Vancouver-based junior gold explorer controlling 100% of the Manhattan District in Nevada's Walker Lane Trend, with a maiden 740,000 oz inferred resource, a fully permitted 400 tpd mill, and a 50,000 metre Phase 2 drilling program underway.
- Company typePublic
- Founded2006
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Scorpio Gold does
Scorpio Gold Corporation is a Vancouver-incorporated, TSX Venture-listed (SGN) gold exploration and development company that controls 100% of the Manhattan District in Nevada's Walker Lane Trend. The consolidated ~4,780 hectare land position, built through the 2021 acquisition of the Kinross Manhattan Property, comprises the advanced exploration-stage Goldwedge Mine (a fully permitted underground mine with a 400 ton per day gravity mill) and four past-producing pits located approximately 15 km south of Kinross' +15 million ounce Round Mountain Gold Mine. A maiden NI 43-101 inferred mineral resource of 740,000 ounces of gold at 1.26 g/t was filed in October 2025, with a 50,000 metre Phase 2 diamond drilling program underway targeting multi-million-ounce district-scale potential.
The company's revenue model is currently transitional: primary heap leach mining at Mineral Ridge was suspended in 2017, and the Goldwedge mill is on care and maintenance. Current revenue consists of (a) residual heap leach recoveries and deferred payments from the staged sale of the Mineral Ridge subsidiary (including a US$750,000 first payment received in December 2025), (b) toll milling fees from Lode-Star Mining Inc. at the Goldwedge 400 tpd mill, and (c) the C$750,000 divestiture of Manhattan Mill assets to Manhattan Metals announced in February 2026. The company is funded by equity capital rather than operating cash flow, holding $14M+ in cash following an $8 million private placement with Ross Beaty and Eric Sprott in September 2025 and approximately $7.9 million from warrant exercises in February 2026.
Scorpio Gold's customer base is narrowly concentrated: Lode-Star Mining is the only disclosed enterprise toll milling customer, and future gold production would be sold at spot to bullion traders or refiners. The company operates without AI/ML technology differentiation; its core technology is conventional open pit and underground mining methods, heap leach processing, gravity recovery circuits, and flotation concentration. Distribution is limited to a single country (United States, Nevada), with corporate headquarters in Vancouver, BC, Canada, and 51–100 employees across corporate and operations roles.
Scorpio Gold firmographics
Firmographics- Name
- Scorpio Gold
- Legal name
- Scorpio Gold Corporation
- Website
- https://scorpiogold.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Scorpio Gold is a Vancouver-based junior gold explorer controlling 100% of the Manhattan District in Nevada's Walker Lane Trend, with a maiden 740,000 oz inferred resource, a fully permitted 400 tpd mill, and a 50,000 metre Phase 2 drilling program underway.
- Ownership category
- akta.pro rank
Scorpio Gold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Scorpio Gold is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Scorpio Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Infrastructure, Supply Chain
Revenue model
- Gold Production and Sales: Primary revenue from gold production and sales from the Manhattan District and former Mineral Ridge operations. The company generates revenue from residual heap leach recoveries and future gold production from expanded resources.
- Toll Milling Services: Revenue from processing third-party ore at the Goldwedge 400 ton per day mill facility. Lode-Star Mining Inc. contracted toll milling services, with Lode-Star funding mill modifications including a flotation circuit.
- Deferred Payments from Asset Sales: Deferred payments received from the sale of Mineral Ridge Gold subsidiary, including US$750,000 first payment with further payments expected. Also includes proceeds from the sale of Manhattan Mill assets to Manhattan Metals for C$750,000.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Scorpio Gold product offering
Product offeringCore offering
Scorpio Gold is a gold exploration and development company that holds 100% interest in the Manhattan District in Nevada's Walker Lane Trend, including the advanced exploration-stage Goldwedge Mine with a fully permitted underground mine and 400 ton per day gravity mill. The company is actively executing a 50,000 metre Phase 2 diamond drilling program targeting a maiden 740,000 oz inferred resource at 1.26 g/t gold and multi-million-ounce district-scale potential, while generating revenue from residual gold production, toll milling of third-party ore at Goldwedge, and deferred payments from prior asset sales.
Product overview
Scorpio Gold is a gold exploration and development company operating a single-site focused portfolio in Nevada. The company's primary offering is the Manhattan District Project—a consolidated district-scale gold exploration opportunity comprising the advanced-stage Goldwedge Mine with its 400 ton per day gravity mill, four past-producing pits acquired from Kinross in 2021, and multiple high-priority exploration targets. The portfolio also includes the active Phase Two Diamond Drilling Program targeting 50,000 meters of resource expansion drilling. Scorpio Gold controls 100% interest in the Manhattan District and has an earn-in option agreement with Titan Mining Corporation for its Mineral Ridge gold project.
Differentiator
Problem solved
Functional benefit
Products and services
- Manhattan District Project A consolidated district-scale gold exploration and development project comprising approximately 4,780 hectares of geologically contiguous properties located 15 km south of Kinross' Round Mountain Gold Mine in Nevada's Walker Lane Trend. The district includes the Goldwedge Mine, four past-producing pits acquired from Kinross in 2021, and multiple high-priority exploration targets. A maiden inferred mineral resource estimate of 740,000 oz at 1.26 g/t gold has been filed, with a 50,000 metre Phase 2 drilling program underway targeting multi-million-ounce potential. The project is intended for institutional and retail investors seeking exposure to district-scale Nevada gold upside.
- Goldwedge Mine An advanced exploration-stage underground gold mine located in Manhattan, Nevada, hosting high-grade gold mineralization within metamorphosed limestones. The mine includes over 600 metres of underground development, a fully permitted underground mine, and a 400 ton per day maximum capacity gravity mill. The asset is the cornerstone of Scorpio Gold's district-scale operations and serves both the company's own ore processing and third-party toll milling customers.
- Goldwedge Toll Milling Services Toll milling services for third-party ore processed at the Goldwedge 400 ton per day mill facility. Provides mining companies with access to permitted processing capacity and flotation circuit capability for carbonaceous and sulfidic ores, with the milling customer funding design engineering, permitting, and mill modifications in exchange for reduced toll rates until advanced funds are recouped. Named customer Lode-Star Mining Inc. contracted for processing services in January 2020.
Quantifiable outcome
- 740,000 oz inferred resource at 1.26 g/t gold with 0.3 g/t gold cut-off grade (October 2025 technical report)
Companies that use Scorpio Gold
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Scorpio Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Scorpio Gold partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Apex Critical Metals Corp.minorApex Critical Metals Corp. appointed Zayn Kalyan, CEO of Scorpio Gold Corporation, to its Board of Directors. Apex focuses on critical mineral projects in North America and strategic positioning in the supply chain for technology and energy minerals. Kalyan's capital markets experience and track record in financing public companies will support Apex's advancement of its critical mineral projects.
- Manhattan MetalsminorScorpio Gold sold its Manhattan Mill assets to Manhattan Metals for C$750,000 with closing scheduled for May 14, 2026. The sale aims to fund development of a new centralized core processing and storage facility at the Manhattan District to support expanded exploration activities.
- Titan Mining CorporationcoreTitan Mining Corporation entered into an earn-in option agreement to earn 80% joint venture interest in Scorpio Gold's Mineral Ridge gold project located in Esmeralda County, Nevada. To maintain the option, Titan must spend US$35 million over a staged five-year period. Titan also has the right to acquire 100% interest by paying Scorpio Gold US$35 million on or before December 31, 2022.
- Lode-Star Mining Inc.coreLode-Star Mining Inc. signed a Toll Milling Agreement to process ore from their mining properties at Scorpio Gold's 400 ton per day Goldwedge milling facility. Lode-Star advanced funds required for design engineering, permitting and mill modifications including addition of a flotation circuit. The agreement allows Lode-Star to recoup advanced funds through a reduction in toll milling rates until repaid. Scorpio Gold benefits from transitioning Goldwedge from temporary closure into production and expanding mill capability for carbonaceous/sulfidic ores.
Scale indicators8 records
Recent moves9 records
Expansion highlights5 records
Scorpio Gold competitors and assessment
Company assessmentDirect peers
- Coeur Mining: US-listed precious metals miner producing gold and silver across North American operations including Nevada. Comparable as a publicly listed, US-focused gold/silver producer with toll processing capabilities and exploration upside.
- i-80 Gold Corp: Nevada-focused gold exploration and development company advancing multiple high-grade projects in the state. Highly comparable as a junior Nevada gold operator building a district-scale resource base and utilizing toll milling/processing infrastructure.
- Gold Standard Ventures: Previously a Nevada-focused gold developer (Railroad-Pinion project on the Carlin Trend). Directly comparable as a small-cap Nevada gold explorer whose Pinion asset has historical ties to Scorpio's Mineral Ridge, including a contingent payment arrangement.
- Hycroft Mining Holding Corporation: US-listed gold and silver developer with operations in Nevada. Comparable as a junior precious-metals developer advancing a large Nevada resource toward production, with similar dependence on capital markets to fund development.
- Hecla Mining Company: Largest US silver producer with growing gold exposure across US operations. Comparable as a US-focused precious metals producer with similar district-scale exploration strategy and silver/gold mix.
Broad incumbents
- Newmont Corporation: World's largest gold miner and dominant Nevada operator (Carlin, Phoenix, Twin Creeks). Comparable as the leading Nevada gold producer whose consolidation strategy validates the regional thesis underpinning Scorpio's Manhattan District play.
- Barrick Gold Corporation: Major gold producer with significant Nevada presence (Cortez, Turquoise Ridge, Goldstrike). Comparable as a major Nevada gold operator with deep pockets for M&A in the Walker Lane and Carlin Trend corridors.
- Kinross Gold Corporation: Major gold producer operating the +15M oz Round Mountain mine immediately adjacent to Scorpio's Manhattan District. Direct geographic neighbor and the source of past-producing pits acquired by Scorpio in 2021; a logical strategic acquirer profile.
Emerging players
- Centerra Gold: Mid-tier gold producer with North American and international operations. Comparable as a small-to-mid cap gold producer with exploration-driven growth strategy, though at a more advanced operational stage.
Others
- Waterton Global Resources Management: Private mining-focused investment firm that was the senior secured creditor and 30% Mineral Ridge partner prior to Scorpio's 2019 buyout. Relevant as historical counterparty and similar investor profile to other resource-focused private capital managers in the mining sector.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Scorpio Gold social profiles
Digital presenceScorpio Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Scorpio Gold leadership team
Management profileNumber of profiles
Profiles8 records
Scorpio Gold subsidiaries and ownership
Company hierarchySubsidiaries2 records
Scorpio Gold funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Scorpio Gold M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Scorpio Gold
What does Scorpio Gold do?
Scorpio Gold is a gold exploration and development company that holds 100% interest in the Manhattan District in Nevada's Walker Lane Trend, including the advanced exploration-stage Goldwedge Mine with a fully permitted underground mine and 400 ton per day gravity mill. The company is actively executing a 50,000 metre Phase 2 diamond drilling program targeting a maiden 740,000 oz inferred resource at 1.26 g/t gold and multi-million-ounce district-scale potential, while generating revenue from residual gold production, toll milling of third-party ore at Goldwedge, and deferred payments from prior asset sales.
Is Scorpio Gold a public or private company?
Scorpio Gold is a public company. It is classified as public and is currently operating.
When was Scorpio Gold founded?
Scorpio Gold was founded in 2006. It employs 1 to 10 people.
Where is Scorpio Gold based?
Scorpio Gold is headquartered in Vancouver, Canada, in the North America region.
How does Scorpio Gold make money?
Three revenue lines are on record. Gold Production and Sales are the primary driver. The others are toll Milling Services and deferred Payments from Asset Sales.
Who are Scorpio Gold's main competitors?
Direct peers on record are Coeur Mining, i-80 Gold Corp, Gold Standard Ventures, Hycroft Mining Holding Corporation and Hecla Mining Company. Broad incumbents are Newmont Corporation, Barrick Gold Corporation and Kinross Gold Corporation. Centerra Gold is listed as an emerging player. Waterton Global Resources Management is listed as an others.
Does Scorpio Gold have an API?
No public API is recorded for Scorpio Gold.
What industry is Scorpio Gold in?
Scorpio Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 21222 and its SIC code is 1040.