GoldQuest Mining
GoldQuest Mining Corp. is a Canadian mineral exploration and development company advancing its 100%-owned Romero gold-copper project and Tireo exploration belt in the Dominican Republic. Pre-revenue, it funds operations through equity financings and targets institutional investors and strategic mining partners to develop its resource base toward production.
- Company typePublic
- Founded2001
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What GoldQuest Mining does
GoldQuest Mining Corp. is a Canadian mineral exploration and development company focused on advancing its 100%-owned Romero gold-copper project and broader Tireo exploration property in the Dominican Republic. Founded in 2001 and publicly listed on the TSX Venture Exchange (GQC) and OTCQX (GDQMF), the company employs 11-50 people across offices in Santo Domingo, Dominican Republic, and Vancouver, Canada. The flagship Romero Project hosts 2.4 million ounces of Indicated and 0.8 million ounces of Inferred gold-equivalent resources, with a 2016 Pre-Feasibility Study indicating an after-tax NPV of US$203 million and IRR of 28% at conservative US$1,300/oz gold and US$2.50/lb copper price assumptions. The Board and management team—including CEO Luis Santana and Chairman Frank Balint—previously developed the producing Cerro de Maimon Copper/Gold mine in the Dominican Republic, providing rare jurisdiction-specific operating credibility.
The company employs conventional mineral exploration technologies including diamond drilling, ZTEM airborne geophysical surveys, induced polarization (IP) ground surveys, geological modeling, and metallurgical testing. GoldQuest has accumulated over two decades of proprietary geological data across a 50-kilometer land position in the Tireo Formation. Recent technical milestones include the 2026 Cachimbo polymetallic VMS discovery (with drill hole TIR-26-58 intersecting 12.26m at 2.52 g/t Au, 50.7 g/t Ag, 0.94% Cu, and 12.0% Zn) and metallurgical drilling that has returned 43% higher gold grades than block model estimates. A Bankable Feasibility Study, underway with Sedgman and SRK Consulting, is targeted for H1 2026 completion.
As a pre-revenue exploration company, GoldQuest funds operations entirely through equity financings and strategic investments rather than product sales. The company has raised over C$95 million cumulatively across multiple private placement rounds since 2010, including a C$22.86 million strategic investment from Agnico Eagle in 2017 and approximately C$48 million across 2025-2026, primarily from Dominican institutional investors. Its primary value driver is the eventual development and production from the Romero Project, which has a 75-year exploitation permit application with 25-year tax stability protection. However, on May 4, 2026, Dominican President Luis Abinader ordered suspension of all activities at the Romero Project following mass community protests over water security concerns related to the Sabaneta Dam, creating material uncertainty around the project's near-term future and placing approximately C$615 million in market capitalization at risk.
GoldQuest Mining firmographics
Firmographics- Name
- GoldQuest Mining
- Legal name
- GoldQuest Mining Corp.
- Website
- https://goldquestcorp.com
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- GoldQuest Mining Corp. is a Canadian mineral exploration and development company advancing its 100%-owned Romero gold-copper project and Tireo exploration belt in the Dominican Republic. Pre-revenue, it funds operations through equity financings and targets institutional investors and strategic mining partners to develop its resource base toward production.
- Ownership category
- akta.pro rank
GoldQuest Mining industry classification
Industry- Product category
- Mineral Exploration and Development
- NAICS
- Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Precious Metals Exploration & Project Development (IMAKAEAI), Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Silver Mining (IMAKAEAB)
Keywords
Where GoldQuest Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices5 records
Markets served
GoldQuest Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Equity Financing / Private Placements: GoldQuest Mining is a pre-revenue exploration company that raises capital through equity financings including private placements, bought deal financings, and strategic investments. The company has completed multiple financing rounds including C$30 million private placement (December 2025), C$16.2 million total in 2025, C$22.86 million strategic investment from Agnico Eagle (2017), and various earlier financings. Funds are used for exploration drilling, feasibility studies, and general corporate purposes.
- Future Mining Operations (Potential): If the Romero project reaches production, potential revenue streams would include gold, copper, and silver sales from mining operations. The project has a 75-year exploitation permit with a 40% state participation in economic benefits including royalty, income tax, and municipal contributions.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels7 records
GoldQuest Mining product offering
Product offeringCore offering
GoldQuest Mining Corp. is a Canadian mineral exploration and development company that owns and advances gold and copper mining assets in the Dominican Republic. The company's primary asset is the 100%-owned Romero Project (a gold-copper-silver development project with 2.4M ounces Indicated AuEq and 0.8M ounces Inferred AuEq), surrounded by the Tireo Project exploration belt. The company is currently pre-revenue, advancing the Romero Project through environmental permitting and a Bankable Feasibility Study.
Product overview
GoldQuest Mining Corp. is a Canadian exploration and development company operating a portfolio of mining assets in the Dominican Republic. The company operates two primary assets: the Romero Project (a gold-copper development project at permitting/feasibility stage) and the Tireo Project (a 50-km exploration belt with multiple drill-ready VMS targets). The company does not offer a software product or platform; its offerings consist of physical mining assets and exploration properties rather than technology products or services.
Differentiator
Problem solved
Functional benefit
Products and services
- Romero Project Gold-copper-silver development project located in San Juan Province, Dominican Republic. Includes Romero and Romero South deposits with indicated mineral resources of 2.4M ounces AuEq and inferred resources of 0.8M ounces AuEq. Currently advancing through Environmental and Social Impact Assessment and Bankable Feasibility Study with planned 2,800 tpd underground mine focusing on high-grade gold and copper core.
- Tireo Project 100%-owned 50 km long land position over the Tireo Formation in the Dominican Republic, surrounding the Romero Project. Features multiple VMS exploration targets including Los Ganchos, Cañada La Vaca, Los Mineros, Cachimbo SE, and Cachimbo NW, with 5,000 metres of planned drilling in Phase 1. Includes the high-grade Cachimbo VMS discovery (drill hole TIR-26-58 intersected 12.26 meters grading 2.52 g/t Au, 50.7 g/t Ag, 0.94% Cu, and 12.0% Zn).
Quantifiable outcome
- 2.4M ounces Indicated AuEq resource (80% in Indicated category) at Romero Project
- +3 more outcomes
Companies that use GoldQuest Mining
Customer profileSegments2 records
Ideal customer profiles2 records
GoldQuest Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
GoldQuest Mining partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Academia de Ciencias de la República DominicanacoreGoldQuest engaged the Academia de Ciencias de la República Dominicana as an independent observer to provide additional technical oversight and assurance to the public regarding the Romero Project's Environmental and Social Impact Assessment process, in response to public demonstrations in San Juan.
- Sedgman and SRK ConsultingcoreGoldQuest engaged Sedgman and SRK Consulting in August 2025 to conduct the Bankable Feasibility Study for the Romero project, with expected completion in H1 2026. These are leading mining industry consultancies providing technical expertise for project development.
- ALS Metallurgy (Kamloops, Canada)minorMetallurgical testing services provider for the Romero project geo-metallurgical program. Core samples undergoing testing at ALS Kamloops for comminution, flotation, and variability test work to support bankable feasibility study.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
GoldQuest Mining competitors and assessment
Company assessmentDirect peers
- Unigold Inc. Canadian junior gold exploration and development company focused on the Neita concession in the Dominican Republic. Most directly comparable to GoldQuest by jurisdiction (DR), commodity (gold), and development stage (pre-production).
- Sabre Gold Mines Corp. Junior gold developer with properties in the United States and Mexico advancing toward production. Comparable to GoldQuest as a pre-revenue gold developer targeting permitting and feasibility-stage advancement.
- Marathon Gold Corp. Canadian gold developer advancing the Valentine Lake project in Newfoundland toward production. Comparable to GoldQuest at the development/permitting stage with a single flagship gold asset requiring capital-intensive advancement.
- Precipitate Gold Corp. Junior precious metals explorer focused on gold and silver projects in Canada and the Dominican Republic. Comparable to GoldQuest as a small-cap gold explorer with Dominican Republic exposure.
- Azimut Exploration Inc. Canadian junior exploration company with a diversified portfolio of gold, copper, and critical minerals projects. Comparable to GoldQuest as a junior explorer advancing gold/copper assets through systematic drilling programs.
- Alamos Gold Inc. Intermediate gold producer with development-stage assets in Mexico and Canada (including Island Gold and Lynn Lake). Comparable to GoldQuest as a gold-focused company navigating permitting and feasibility on advanced-stage assets.
Broad incumbents
- Barrick Gold Corporation: World's largest gold miner and operator of the Pueblo Viejo mine (60% interest) in the Dominican Republic — directly relevant as both an operating peer in the same jurisdiction and a potential acquirer of GoldQuest's Romero project.
- Newmont Corporation: Largest gold mining company globally, with diversified operations across the Americas, Africa, and Australia. Relevant as a major gold producer that could acquire or partner on development-stage gold assets such as Romero.
- Wheaton Precious Metals Corp. Precious metals streaming and royalty company with interests in producing and development-stage gold and silver mines. Relevant as a potential financing partner or comparator for advanced gold development projects.
- Franco-Nevada Corporation: Leading precious metals royalty and streaming company with a portfolio of gold and other metal royalties. Relevant as a comparator for development-stage gold projects and a potential royalty/financing partner for Romero.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
GoldQuest Mining social profiles
Digital presenceGoldQuest Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
GoldQuest Mining leadership team
Management profileNumber of profiles
Profiles7 records
GoldQuest Mining subsidiaries and ownership
Company hierarchySubsidiaries1 record
GoldQuest Mining funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GoldQuest Mining 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 GoldQuest Mining
What does GoldQuest Mining do?
GoldQuest Mining Corp. is a Canadian mineral exploration and development company that owns and advances gold and copper mining assets in the Dominican Republic. The company's primary asset is the 100%-owned Romero Project (a gold-copper-silver development project with 2.4M ounces Indicated AuEq and 0.8M ounces Inferred AuEq), surrounded by the Tireo Project exploration belt. The company is currently pre-revenue, advancing the Romero Project through environmental permitting and a Bankable Feasibility Study.
Is GoldQuest Mining a public or private company?
GoldQuest Mining is a public company. It is classified as public and is currently operating.
When was GoldQuest Mining founded?
GoldQuest Mining was founded in 2001. It employs 11 to 50 people.
Where is GoldQuest Mining based?
GoldQuest Mining is headquartered in Vancouver, Canada, in the North America region.
How does GoldQuest Mining make money?
Two revenue lines are on record. Equity Financing / Private Placements are the primary driver. The others are future Mining Operations (Potential).
Who are GoldQuest Mining's main competitors?
Direct peers on record are Unigold Inc., Sabre Gold Mines Corp., Marathon Gold Corp., Precipitate Gold Corp., Azimut Exploration Inc. and Alamos Gold Inc.. Broad incumbents are Barrick Gold Corporation, Newmont Corporation, Wheaton Precious Metals Corp. and Franco-Nevada Corporation.
Does GoldQuest Mining have an API?
No public API is recorded for GoldQuest Mining.
What industry is GoldQuest Mining in?
GoldQuest Mining's product category is Mineral Exploration and Development. 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.