Liberty Gold

What Liberty Gold does

Liberty Gold Corp. is a Canadian-domiciled, publicly traded (TSX:LGD, OTCQX:LGDTF) gold development company focused on a single flagship asset — the Black Pine Oxide Gold Project in southeastern Idaho. The company operates as an explorer-turned-developer, advancing a past-producing, Carlin-style oxide gold deposit through feasibility and federal permitting toward a modern open-pit, run-of-mine heap leach mining operation. The 2024 Preliminary Feasibility Study defines a 17-year mine life with 3.1 million ounces of probable mineral reserves, projected average annual production of 135,000 ounces, all-in sustaining costs of US$1,208/oz in Years 1-5, an after-tax NPV of US$550M and a 32% IRR at a US$2,000/oz gold price, with US$327M initial capital. As of January 2026, the indicated resource stands at 4.88 million ounces and inferred at 1.05 million ounces.

The company's core technology is run-of-mine heap leach processing, which avoids the need for crushers, conveyors, float plants and tailings dams; metallurgical testing across 170+ composite and 6 bulk samples has demonstrated 80%+ leachable gold recovery within 10 days. Black Pine is the first U.S. precious metals project accepted into the FAST-41 federal permitting framework with aligned Idaho state permitting, and a Final Record of Decision is targeted for January 2028. Liberty Gold holds 100% project ownership, secured water rights, and infrastructure access in a tier-one jurisdiction (Idaho ranked 8th by the Fraser Institute).

Liberty Gold is pre-revenue and does not sell products or services today. The business model is project development financed through equity capital markets, strategic partner investment, and divestiture proceeds. In 2026 the company divested the Goldstrike Project to Heliostar Metals for up to US$72.5M and the Gage Project to Blue Moon Metals for ~US$2M, while Centerra Gold holds a 9.9% strategic stake via top-up rights. Future revenue will be generated from gold sales into commodity markets once Black Pine reaches production, which is targeted post-2028 permitting.

Name

Liberty Gold

Legal name

Liberty Gold Corp.

Website

https://libertygold.ca

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Liberty Gold Corp. is a Canadian-listed gold development company advancing its 100%-owned Black Pine Oxide Gold Project in southeastern Idaho through feasibility and federal permitting toward a 17-year open-pit heap leach operation, currently pre-revenue.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Precious Metals Ore Processing & Beneficiation (IMAKAEAD)

Keywords

• Oxide gold mining
• Gold exploration
• Heap leach processing
• Mineral development
• Gold production

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Gold Sales: Once in production, Liberty Gold will generate revenue through the sale of extracted gold from its Black Pine project. The 2024 PFS projects 2.2 million ounces of gold produced over 17-year mine life with 135,000 oz LOM average annual production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Liberty Gold is an exploration and development-stage gold company advancing its flagship Black Pine Oxide Gold Project in southeastern Idaho through feasibility and permitting toward open-pit heap-leach mining. The asset contains 4.88 million ounces of indicated and 1.05 million ounces of inferred gold resources, with a 2024 PFS defining a 17-year mine life producing 2.2 million ounces of gold at an average of 135,000 oz per year.

Product overview

Liberty Gold is a U.S.-focused gold development company with a single flagship asset — the Black Pine Oxide Gold Project in southeastern Idaho. The company is advancing this large-scale, past-producing oxide gold deposit through feasibility and permitting toward a modern open-pit heap-leach mining operation. Black Pine represents the company's core focus, with a 2024 Preliminary Feasibility Study confirming a 17-year mine life with probable mineral reserves of 3.1 million ounces. The product portfolio consists of this single development-stage mining project, with no modular products or separate service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Black Pine Oxide Gold Project Liberty Gold's flagship asset — a large-scale, oxide gold, Carlin-style deposit located in southeastern Idaho, progressing through feasibility and permitting toward a modern open-pit heap-leach mining operation. Features indicated resources of 4.88 million ounces and inferred resources of 1.05 million ounces of gold, with a 2024 PFS confirming a 17-year mine life, 3.1 million ounces of probable reserves, US$550 million after-tax NPV at 5% discount, and 32% after-tax IRR at $2,000/oz gold.

Quantifiable outcome

• 2.2 million oz gold production over 17-year mine life
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor.

• Heliostar Metals Ltd.minorOthers · 27 April 2026Heliostar Metals acquired 100% interest in the Goldstrike Project in Utah from Liberty Gold for total consideration of up to US$72.5 million, consisting of US$10 million cash and approximately 1.6 million Heliostar shares at closing, with additional US$60 million in milestone-based payments over five years.
• Blue Moon Metals Inc.minorOthers · 2 April 2026Blue Moon Metals acquired the Gage Project in Washington County, Utah from Liberty Gold for approximately US$2 million, issuing 420,935 common shares and assuming a 4.0% production royalty on SITLA leases.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Argonaut Gold: Mid-tier gold producer with operating heap-leach mines in the U.S. Great Basin and Mexico (Magino, Florida Canyon, La Colorada). Most comparable to Liberty Gold in stage transition from developer to producer in similar oxide gold assets and jurisdictions.
• Heliostar Metals: Gold developer/producer that acquired Liberty Gold's Goldstrike project (April 2026, US$72.5M). Operates the La Colorada mine and is advancing Ana Paula—directly comparable as a North American oxide gold heap-leach operator.
• Integra Resources: U.S.-focused gold developer advancing the DeLamar oxide gold-silver project in Idaho, also a heap-leach oxide gold asset in the Great Basin. Closest geographic and technical analog to Liberty Gold's Black Pine project.
• i-80 Gold: U.S.-focused gold developer advancing oxide and refractory projects in Nevada including the Lone Tree and Granite Creek heap-leach assets. Closely comparable as a single-jurisdiction gold developer focused on heap-leach processing in the Great Basin.

Broad incumbents

• Centerra Gold: Canadian mid-tier gold producer (Mount Milligan, Öksüt) and 9.9% strategic shareholder of Liberty Gold. Comparable as a producing gold company with heap-leach expertise (Mount Milligan and prior Marigold) and an active acquirer of development-stage assets.
• Coeur Mining: U.S.-headquartered precious metals producer operating heap-leach mines including Kensington, Wharf, and Rochester. Comparable given U.S. operating footprint and heap-leach processing expertise; relevant precedent as a potential acquirer or partner.
• SSR Mining: Mid-tier gold producer with multiple heap-leach operations including Marigold (Nevada), where Liberty Gold's CEO previously served. Highly comparable operationally and an important source of technical talent now embedded in Liberty Gold's leadership.
• Alamos Gold: Intermediate gold producer with U.S. operations (Young-Davidson, Island Mountain) and Mexico (Mulatos). Comparable as a multi-asset operator with development pipeline; potential acquirer of Liberty Gold at construction stage.
• Equinox Gold: Multi-asset intermediate gold producer with significant U.S. presence including Castle Mountain and Mesquite in California. Comparable as a mid-tier operator with active M&A and development programs in U.S. oxide gold.

Emerging players

• Gold Standard Ventures: Pre-production gold developer with the Pinion oxide gold project and Dark Star oxide deposit in Nevada's Carlin trend. Comparable as an oxide gold developer pursuing heap-leach production in a tier-one U.S. jurisdiction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/libertygoldcorp
• YouTubeyoutube.com/@libertygoldcorp
• LinkedInlinkedin.com/company/liberty-gold-corp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries2 records

Funding overview

Funding rounds12 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liberty Gold