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Pasofino Gold

Full company profile

uuid0000zc2

Namestring
Pasofino Gold
Legal namestring
Pasofino Gold Limited
Websiteurl
pasofinogold.com
Company typeenum
Private
Founded yearint
2010
Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersToronto, Canada
HQ citystring
Toronto
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
gold exploration, mineral exploration, gold mining, feasibility study, resource development
Industry2 codes
1Gold Mining
CodeIMAKAEAAPrimaryYes
2Precious Metals Exploration & Project Development
CodeIMAKAEAIPrimaryNo
NAICS code1 code
  • Gold Ore and Silver Ore Mining212220
SIC code1 code
  • Gold And Silver Ores1040
Product category
Gold Mining
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Mineral Exploration and Development
TypeHardware Sales
Description

Pre-revenue mining exploration company. The company was in the development phase of the Dugbe Gold Project in Liberia, conducting feasibility studies and advancing toward gold production. Revenue generation would come from gold production and sales once the project reaches commercial production.

pasofinogold.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Pasofino Gold is a mineral exploration company developing the Dugbe Gold Project in Liberia, the country's largest undeveloped gold deposit. The company owns 100% of the project (prior to the Government of Liberia's 10% carried interest) and is advancing it toward commercial production based on a completed 2022 NI 43-101 Feasibility Study. The company was a pre-revenue exploration-stage entity that accessed capital markets through its TSXV listing until its acquisition by Mansa Resources in April 2026.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Liberia's largest undeveloped gold project
Product overview1 text field

Pasofino Gold is a Canadian-based mineral exploration company with a single focus on the Dugbe Gold Project in Liberia. The company's core product is the Dugbe Gold Project, which is Liberia's largest undeveloped gold deposit. The offering consists of the project itself plus supporting technical documentation including an NI 43-101 Feasibility Study (2022) that provides the mineral resource estimates and development parameters for the project.

Product and service1 record
1Dugbe Gold Project
CategoryGold mining and mineral development
Description

A gold exploration and development project located in Liberia, representing Liberia's largest undeveloped gold deposit. The company owns 100% of the project through its wholly-owned subsidiary, prior to the Government of Liberia's 10% carried interest. The project is supported by a 2022 NI 43-101 Feasibility Study and is being advanced toward commercial gold production.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Government of Liberia
Strategic tierCoreTypeStrategic or Co-development Partner
Description

The Government of Liberia holds a 10% carried interest in the Dugbe Gold Project. The company operates under a Mineral Development Agreement (MDA) with the Liberian government. A notice was received from the Liberian government in late 2025 alleging failure to meet MDA obligations, which the company planned to address through discussions.

pasofinogold.com
Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers8 records
1Hummingbird Resources
TypeDirect peer
Description

Hummingbird Resources is a West African gold producer and developer with operations in Liberia and elsewhere. Highly comparable as both a gold developer and Liberian-jurisdiction miner; Hummingbird also participated as a strategic investor in Pasofino's financing.

2Avesoro Resources
TypeDirect peer
Description

Avesoro Resources is a West African gold producer with mines in Liberia and Sierra Leone. Direct peer given shared geography (Liberia), gold focus, and comparable development/production profile in the same mining jurisdiction.

3Endeavour Mining
TypeBroad incumbent
Description

Endeavour Mining is a major diversified West African gold producer operating multiple mines across Burkina Faso, Côte d'Ivoire, and Senegal. Comparable as a regional incumbent with overlapping gold-mine economics and West African operating expertise, but at materially greater scale.

4Perseus Mining
TypeBroad incumbent
Description

Perseus Mining is an established multi-mine West African gold producer with operations in Ghana, Côte d'Ivoire, and Burkina Faso. Broad-incumbent peer sharing the same precious metals focus and West African operating environment, though at a much larger asset base.

5Newcore Gold
TypeDirect peer
Description

Newcore Gold is a Canadian-listed gold exploration and development company advancing its Enchi Gold Project in Ghana. Direct peer as a TSXV-listed West African gold developer with PEA/feasibility-stage assets and similar pre-revenue business model.

6African Gold Group
TypeDirect peer
Description

African Gold Group is a West African gold exploration company advancing the Kobada Gold Project in Mali. Comparable as an emerging gold developer with single-project focus, junior capitalization, and similar path from feasibility to construction.

7Cardinal Resources
TypeEmerging player
Description

Cardinal Resources was a West African gold developer (Ghana) acquired by Nordgold in 2020. Comparable as a single-asset gold developer taken out via acquisition, illustrating the typical exit pathway for pre-production junior gold companies.

8B2Gold
TypeBroad incumbent
Description

B2Gold is an established international gold producer with West African operations in Mali. Broad-incumbent peer sharing the West African gold mining focus but operating at production scale, providing context on the kind of operator Pasofino's project could attract as a partner.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds10 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Pasofino Gold

Gold Miningpasofinogold.com

Pasofino Gold firmographics

Firmographics
Name
Pasofino Gold
Legal name
Pasofino Gold Limited
Website
https://pasofinogold.com
Company type
Private
Founded year
2010
Operating status
Acquired
Headcount range
1–10 employees
Ownership category
akta.pro rank

Pasofino Gold industry classification

Industry
Product category
Gold Mining
NAICS
Gold Ore and Silver Ore Mining (212220)
SIC
Gold And Silver Ores (1040)
akta.pro primary industry
Gold Mining (IMAKAEAA)
akta.pro secondary industry
Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

  • Gold exploration
  • Mineral exploration
  • Gold mining
  • Feasibility study
  • Resource development

Where Pasofino Gold is headquartered

Location

Headquarters

HQ city
Toronto
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

Pasofino Gold business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

  1. Mineral Exploration and Development: Pre-revenue mining exploration company. The company was in the development phase of the Dugbe Gold Project in Liberia, conducting feasibility studies and advancing toward gold production. Revenue generation would come from gold production and sales once the project reaches commercial production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Pasofino Gold product offering

Product offering

Core offering

Pasofino Gold is a mineral exploration company developing the Dugbe Gold Project in Liberia, the country's largest undeveloped gold deposit. The company owns 100% of the project (prior to the Government of Liberia's 10% carried interest) and is advancing it toward commercial production based on a completed 2022 NI 43-101 Feasibility Study. The company was a pre-revenue exploration-stage entity that accessed capital markets through its TSXV listing until its acquisition by Mansa Resources in April 2026.

Product overview

Pasofino Gold is a Canadian-based mineral exploration company with a single focus on the Dugbe Gold Project in Liberia. The company's core product is the Dugbe Gold Project, which is Liberia's largest undeveloped gold deposit. The offering consists of the project itself plus supporting technical documentation including an NI 43-101 Feasibility Study (2022) that provides the mineral resource estimates and development parameters for the project.

Differentiator

Problem solved

Functional benefit

Products and services

  • Dugbe Gold Project A gold exploration and development project located in Liberia, representing Liberia's largest undeveloped gold deposit. The company owns 100% of the project through its wholly-owned subsidiary, prior to the Government of Liberia's 10% carried interest. The project is supported by a 2022 NI 43-101 Feasibility Study and is being advanced toward commercial gold production.

Quantifiable outcome

  • Liberia's largest undeveloped gold project

Companies that use Pasofino Gold

Customer profile

Segments1 record

Ideal customer profiles1 record

Pasofino Gold technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Pasofino Gold partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Government of LiberiacoreStrategic or Co-development PartnerThe Government of Liberia holds a 10% carried interest in the Dugbe Gold Project. The company operates under a Mineral Development Agreement (MDA) with the Liberian government. A notice was received from the Liberian government in late 2025 alleging failure to meet MDA obligations, which the company planned to address through discussions.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Pasofino Gold competitors and assessment

Company assessment

Direct peers

  • Hummingbird Resources: Hummingbird Resources is a West African gold producer and developer with operations in Liberia and elsewhere. Highly comparable as both a gold developer and Liberian-jurisdiction miner; Hummingbird also participated as a strategic investor in Pasofino's financing.
  • Avesoro Resources: Avesoro Resources is a West African gold producer with mines in Liberia and Sierra Leone. Direct peer given shared geography (Liberia), gold focus, and comparable development/production profile in the same mining jurisdiction.
  • Newcore Gold: Newcore Gold is a Canadian-listed gold exploration and development company advancing its Enchi Gold Project in Ghana. Direct peer as a TSXV-listed West African gold developer with PEA/feasibility-stage assets and similar pre-revenue business model.
  • African Gold Group: African Gold Group is a West African gold exploration company advancing the Kobada Gold Project in Mali. Comparable as an emerging gold developer with single-project focus, junior capitalization, and similar path from feasibility to construction.

Broad incumbents

  • Endeavour Mining: Endeavour Mining is a major diversified West African gold producer operating multiple mines across Burkina Faso, Côte d'Ivoire, and Senegal. Comparable as a regional incumbent with overlapping gold-mine economics and West African operating expertise, but at materially greater scale.
  • Perseus Mining: Perseus Mining is an established multi-mine West African gold producer with operations in Ghana, Côte d'Ivoire, and Burkina Faso. Broad-incumbent peer sharing the same precious metals focus and West African operating environment, though at a much larger asset base.
  • B2Gold: B2Gold is an established international gold producer with West African operations in Mali. Broad-incumbent peer sharing the West African gold mining focus but operating at production scale, providing context on the kind of operator Pasofino's project could attract as a partner.

Emerging players

  • Cardinal Resources: Cardinal Resources was a West African gold developer (Ghana) acquired by Nordgold in 2020. Comparable as a single-asset gold developer taken out via acquisition, illustrating the typical exit pathway for pre-production junior gold companies.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Pasofino Gold social profiles

Digital presence

Pasofino Gold financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Pasofino Gold leadership team

Management profile

Number of profiles

Profiles5 records

Pasofino Gold subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Pasofino Gold funding detail

Funding detail

Funding overview

Funding rounds10 records

Investors2 records

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

Pasofino Gold M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Pasofino Gold

What does Pasofino Gold do?

Pasofino Gold is a mineral exploration company developing the Dugbe Gold Project in Liberia, the country's largest undeveloped gold deposit. The company owns 100% of the project (prior to the Government of Liberia's 10% carried interest) and is advancing it toward commercial production based on a completed 2022 NI 43-101 Feasibility Study. The company was a pre-revenue exploration-stage entity that accessed capital markets through its TSXV listing until its acquisition by Mansa Resources in April 2026.

Is Pasofino Gold a public or private company?

Pasofino Gold is a private company. It is classified as corporate owned and is currently acquired.

When was Pasofino Gold founded?

Pasofino Gold was founded in 2010. It employs 1 to 10 people.

Where is Pasofino Gold based?

Pasofino Gold is headquartered in Toronto, Canada, in the North America region.

How does Pasofino Gold make money?

One revenue line is on record: mineral Exploration and Development.

Who are Pasofino Gold's main competitors?

Direct peers on record are Hummingbird Resources, Avesoro Resources, Newcore Gold and African Gold Group. Broad incumbents are Endeavour Mining, Perseus Mining and B2Gold. Cardinal Resources is listed as an emerging player.

Does Pasofino Gold have an API?

No public API is recorded for Pasofino Gold.

What industry is Pasofino Gold in?

Pasofino Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 212220 and its SIC code is 1040.

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Live signals
AllafricaLiberia: U.S.$600m Dugbe Gold Investment Signals New Chapter for Mining SectorMansa Resources and partners committed $600 million to develop Liberia's Dugbe Gold Project in Sinoe County, one of West Africa's largest undeveloped gold deposits. The investment could create 1,000-2,000 direct jobs and 4,000-5,000 total, with an updated feasibility study planned for late 2026.NewsfileElemental Royalty Provides Portfolio UpdateElemental Royalty reported progress across its portfolio, including the Karlawinda expansion expected to produce 150,000 ounces of gold annually by Q3 2026. Viscaria has completed groundworks and targets first production in 2028, while Diablillos received Argentina's RIGI approval. New operator acquisitions include Allied Gold, Pasofino, and Arizona Sonoran.NewswirePASOFINO GOLD LIMITED COMPLETES THE PREVIOUSLY ANNOUNCED ARRANGEMENTPasofino Gold completed its plan of arrangement with Mansa Resources, acquiring all outstanding shares not held by Mansa at C$0.90 per share. The company will delist from the TSXV on April 22, 2026, and cease to be a reporting issuer. Former shareholders must submit letters of transmittal to claim cash consideration.NewswirePASOFINO GOLD LIMITED RECEIVES FINAL ORDER APPROVING ARRANGEMENTThe Supreme Court of British Columbia has granted final order approval for the plan of arrangement under which Mansa Resources Limited, through its wholly-owned subsidiary 1574136 B.C. LTD., will acquire all outstanding common shares of Pasofino Gold Limited not already owned by Mansa for C$0.90 in cash per share. Upon completion of the arrangement, Mansa will indirectly hold 100% of Pasofino's outstanding shares and intends to delist the company from the TSX Venture Exchange and terminate its public reporting obligations under Canadian securities laws. The transaction remains subject to standard closing conditions and the final consideration payment to shareholders.NewswirePASOFINO ANNOUNCES RECEIPT OF INTERIM COURT ORDER IN RELATION TO PROPOSED PLAN OF ARRANGEMENT AND MAILING OF MANAGEMENT INFORMATION CIRCULARPasofino Gold Limited has filed and is mailing its management information circular for a special meeting scheduled for March 31, 2026, where shareholders will vote on a statutory plan of arrangement. Under the arrangement, Mansa Resources Limited, through its wholly-owned subsidiary 1574136 B.C. LTD., will acquire all remaining outstanding shares of Pasofino not already owned by Mansa for C$0.90 per share in an all-cash transaction. The Supreme Court of British Columbia has granted an interim order authorizing the meeting and procedural matters, with the transaction expected to close in Q2 2026 pending shareholder approval, after which Pasofino will be delisted and cease to be a reporting issuer.NewsfileZodiac Gold Appoints Lawrence Lepard to Board of Directors; Brett Richards Joins Advisory BoardZodiac Gold Inc. announced the appointment of Lawrence Lepard to its Board of Directors and Brett Richards to its Advisory Board, both effective December 31, 2025. Lepard brings over four decades of investment experience focused on precious metals and currently serves as Managing Partner of Equity Management Associates and as a director of Lavras Gold Corp. and Cabral Gold Inc. Richards has over 37 years of senior leadership experience in global mining, particularly across West Africa, and currently serves as CEO of Pasofino Gold Ltd., where he has held multiple board roles across public mining companies.TradingViewPasofino Gold Announces Update with Respect to Mineral Development AgreementPasofino Gold Limited received a notice dated December 16, 2025, from the Government of Liberia alleging the company failed to meet obligations under a Mineral Development Agreement, including timely payments and required activities, some tied to COVID-19 pandemic deadlines. The company has 30 days to contest the allegations and 60 days to cure defaults before the government may terminate the agreement, with a meeting requested for January 2026. Pasofino is also in discussions with its controlling shareholder, Mansa Resources Limited, regarding potential funding to address the remedies sought by the Liberian government.NewsfileVIDEO - Market One Minute: Pasofino Gold Advances Liberia's Largest Undeveloped Gold Project Amid Record PricesPasofino Gold Limited announced an updated feasibility study and secured C$12 million in financing for its Dugbe Gold Project in Liberia. The company, which holds 100% ownership of the project prior to a government carried interest, cites strong local support and global gold prices as drivers for this development.NewsfilePasofino Gold Announces Annual Meeting Results Shareholders Approve All MattersPasofino Gold Limited held its annual general and special meeting on October 28, 2025, in Toronto, Ontario, where shareholders approved all four proposals with greater than 75% approval each, with approximately 83 million shares voted. The approved matters included re-appointing McGovern Hurley LLP as auditors, fixing the board at six directors, electing six named directors, and re-approving the long-term incentive plan. The company is currently focused on updating the Dugbe Gold Project feasibility study to support project financing efforts for construction expected to commence in 2026.NewsfilePasofino Gold Announces Closing of Non-Brokered Private Placement for Gross Proceeds of C$12.0 MillionPasofino Gold Limited closed a non-brokered private placement of 24 million units at C$0.50 per unit for gross proceeds of C$12.0 million on October 21, 2025. Each unit consists of one common share and one warrant exercisable at C$0.75 for 24 months, with all securities subject to a 4-month hold period expiring February 22, 2026. The company intends to use the proceeds for updating the Dugbe Gold Project feasibility study, repaying amounts owed to the Government of Liberia, and general working capital purposes.