Aztec Minerals
Aztec Minerals Corp. is a Vancouver-based junior mineral exploration company advancing two North American discoveries: the 100%-owned Cervantes porphyry gold-copper project in Sonora, Mexico and the 85%-owned Tombstone gold-silver joint venture in Arizona.
- Company typePublic
- Founded2017
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Aztec Minerals does
Aztec Minerals Corp. is a Canadian mineral exploration company (TSX-V: AZT; OTCQB: AZZTF), headquartered in Vancouver, British Columbia, focused on the discovery of porphyry gold-copper and oxide gold-silver deposits in the Americas. The company holds 100% of the Cervantes project in Sonora, Mexico — an emerging porphyry gold-copper discovery centered on a 900m by 600m gold-in-soil anomaly averaging 0.44 gpt gold — and an 85% interest in the Tombstone joint venture in Arizona, an emerging gold-silver system with deeper carbonate replacement deposit (CRD) silver-lead-zinc potential beneath the historic Tombstone silver district (which produced an estimated 32 million ounces of silver and 250,000 ounces of gold between 1878 and 1939).
The company applies conventional exploration methods including reverse circulation and diamond core drilling, NSAMT and induced polarization geophysical surveys, soil and rock-chip geochemical sampling, and 3D geological modeling that incorporates historic underground workings. Notable technical components include a 3D model of the Tombstone underground workings used for targeting, an oxide gold-silver exploration model emphasizing shallow, potentially heap-leachable mineralization adjacent to historic mines, and systematic RC and core drilling programs (14,162.5m of RC and 3,371.1m of core completed in the 2025-2026 cycle at Tombstone alone). In April 2026, Aztec engaged APEX Geoscience Ltd. to commence maiden mineral resource estimates on both projects.
Aztec is pre-revenue and generates no income from operations; it funds exploration through equity financings (private placements and bought deals on TSX-V and OTCQB) and joint-venture arrangements with strategic partners such as Kootenay Silver, Tombstone Partners, and historical strategic investors including Coeur Mining and Alamos Gold. Realization of value is expected through discovery, resource definition, and eventual joint-venture, sale, or development of mineral properties. The company is led by CEO Simon Dyakowski, VP Exploration Allen David Heyl (Qualified Person under NI 43-101), and VP Investor Relations Neil MacRae, with Blaine Bailey serving as CFO.
Aztec Minerals firmographics
Firmographics- Name
- Aztec Minerals
- Legal name
- Aztec Minerals Corp.
- Website
- https://aztecminerals.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Aztec Minerals Corp. is a Vancouver-based junior mineral exploration company advancing two North American discoveries: the 100%-owned Cervantes porphyry gold-copper project in Sonora, Mexico and the 85%-owned Tombstone gold-silver joint venture in Arizona.
- Ownership category
- akta.pro rank
Aztec Minerals industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Support Activities for Metal Mining (213114)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industries
- Copper Exploration & Resource Development (IMAKADAA), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)
Keywords
Where Aztec Minerals is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
Aztec Minerals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Others
Distribution channels4 records
Marketing channels6 records
Aztec Minerals product offering
Product offeringCore offering
Aztec Minerals Corp. is a mineral exploration company focused on the discovery and advancement of two district-scale projects in North America: the Cervantes porphyry gold-copper project in Sonora, Mexico (100% owned), and the Tombstone gold-silver project with high-grade CRD (carbonate replacement deposit) silver-lead-zinc potential in Cochise County, Arizona (85% JV interest). The company conducts RC and diamond core drilling, NSAMT and IP geophysical surveys, 3D geological modeling, and geochemical sampling to identify and define mineral resources. It is a pre-revenue exploration company that funds its programs through equity financings, joint ventures, and potential future property sales.
Product overview
Aztec Minerals Corp. is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico, where the company holds 100% ownership. The Tombstone project is an emerging gold-silver discovery with high-grade CRD silver-lead-zinc potential in southern Arizona, where Aztec holds an 85% interest in the Joint Venture. The company does not produce minerals but conducts exploration programs including drilling, geophysical surveys, and geochemical sampling to identify mineral deposits.
Differentiator
Problem solved
Functional benefit
Products and services
- Cervantes Project
- Tombstone Project
Quantifiable outcome
- Tombstone: 107.9m averaging 0.62 gpt Au and 24.8 gpt Ag at Westside Area; 112.5m averaging 0.48 gpt Au and 12.6 gpt Ag at Contention Area
- +4 more outcomes
Companies that use Aztec Minerals
Customer profileSegments1 record
Ideal customer profiles3 records
Aztec Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Aztec Minerals partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Redwood Empire Financial CommunicationsminorContracted to provide corporate communications services including investor communications and financial public relations with existing and prospective shareholders, brokers, dealers and other investment professionals. Monthly consulting fee of US$7,500 plus 300,000 stock options at $0.25 per share over twelve-month term.
- APEX Geoscience Ltd.coreEngaged to commence maiden mineral resource estimates on the Tombstone and Cervantes Projects, a critical milestone for both projects.
- Kootenay Silver Inc.coreAztec acquired 100% interest in Cervantes Project from Kootenay Silver through two-stage option agreement: Stage 1 earned 65% by making exploration expenditures, cash payments, and share issuances; Stage 2 purchased remaining 35% for US$5.00 per gold equivalent ounce. Kootenay retains 2.5% NSR (0.5% purchasable for US$500,000).
- Tombstone PartnerscoreAztec and Tombstone Partners formed 75/25 Joint Venture on Tombstone Project, Arizona. Aztec operates and holds 85% interest (increased from initial 75% through additional contributions). JV covers historic Tombstone silver mining district including Contention Mine and surrounding patented claims.
- Baroyeca Gold & SilvercoreOption agreement with Baroyeca Gold & Silver to acquire 75% interest in Tombstone properties containing historic silver mining properties in Tombstone district. Aztec can earn interest by spending CAD$1,000,000 on exploration, making CAD$100,000 cash payments, and issuing 1,000,000 Aztec shares over 3 years.
Recent moves7 records
Expansion highlights4 records
Aztec Minerals competitors and assessment
Company assessmentDirect peers
- Arizona Metals: Canadian-listed junior exploring for CRD-style gold-silver-copper-lead-zinc mineralization in Arizona. Closely comparable stage, jurisdiction, and target deposit model to Aztec's Tombstone project.
- Arizona Sonoran Copper: TSX-listed copper developer with the Cactus and Parks Salyer porphyry projects in Arizona. Comparable as a junior Arizona-focused base/precious-metals company progressing from exploration toward development.
- Hercules Silver: Junior silver explorer focused on the Hercules project in Idaho. Similar stage, market cap band, and precious-metals exploration focus as Aztec.
- Discovery Silver (Tier One Silver): Junior silver-focused explorer with the Tier One Silver project in Peru (renamed from Discovery Silver after selling the Mexican Cordero asset). Provides a peer benchmark for junior silver-gold explorers advancing through PEA-stage work.
- Silver Tiger Metals: Junior explorer advancing the El Tigre silver-gold project in Sonora, Mexico. Comparable as a precious-metals exploration junior operating in the same Mexican state and similar geologic setting as Aztec's Cervantes.
- Kootenay Silver: Canadian junior explorer and the former JV partner on Cervantes. Operates silver and gold-silver exploration projects in Mexico and is similar in size and stage to Aztec, providing a direct peer comparison on capital structure and project economics.
Broad incumbents
- Alamos Gold: Intermediate gold producer with operations in Mexico (Mulatos) and North America. Comparable as a strategic investor in Aztec and as a logical regional consolidator for an oxide gold project in Sonora.
- MAG Silver: Mid-tier silver-focused company with the Juanicipio mine in Mexico. Comparable as a higher-quality precious-metals exposure in Mexico, though at a far more advanced production stage than Aztec.
- Coeur Mining: Mid-tier U.S. silver and gold producer and Aztec's largest strategic shareholder (9.99% since 2017 IPO). Comparable as the most likely strategic acquirer and benchmark for what an oxide-silver-gold development asset could look like at production stage.
Others
- APEX Geoscience: Mineral resource consulting firm engaged by Aztec to prepare maiden resource estimates on Tombstone and Cervantes. Functions as a service provider and ecosystem participant enabling junior explorers like Aztec to advance from drilling to resource definition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Aztec Minerals social profiles
Digital presenceAztec Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aztec Minerals leadership team
Management profileNumber of profiles
Profiles4 records
Aztec Minerals subsidiaries and ownership
Company hierarchySubsidiaries1 record
Aztec Minerals funding detail
Funding detailFunding overview
Funding rounds9 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aztec Minerals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aztec Minerals
What does Aztec Minerals do?
Aztec Minerals Corp. is a mineral exploration company focused on the discovery and advancement of two district-scale projects in North America: the Cervantes porphyry gold-copper project in Sonora, Mexico (100% owned), and the Tombstone gold-silver project with high-grade CRD (carbonate replacement deposit) silver-lead-zinc potential in Cochise County, Arizona (85% JV interest). The company conducts RC and diamond core drilling, NSAMT and IP geophysical surveys, 3D geological modeling, and geochemical sampling to identify and define mineral resources. It is a pre-revenue exploration company that funds its programs through equity financings, joint ventures, and potential future property sales.
Is Aztec Minerals a public or private company?
Aztec Minerals is a public company. It is classified as public and is currently operating.
When was Aztec Minerals founded?
Aztec Minerals was founded in 2017. It employs 1 to 10 people.
Where is Aztec Minerals based?
Aztec Minerals is headquartered in Vancouver, Canada, in the North America region.
Who are Aztec Minerals's main competitors?
Direct peers on record are Arizona Metals, Arizona Sonoran Copper, Hercules Silver, Discovery Silver (Tier One Silver), Silver Tiger Metals and Kootenay Silver. Broad incumbents are Alamos Gold, MAG Silver and Coeur Mining. APEX Geoscience is listed as an others.
Does Aztec Minerals have an API?
No public API is recorded for Aztec Minerals.
What industry is Aztec Minerals in?
Aztec Minerals's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKADAA, Copper Exploration & Resource Development. Its NAICS code is 213114 and its SIC code is 1040.