TriStar Gold
- Company typePublic
- Founded2010
- HeadquartersScottsdale, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
TriStar Gold firmographics
Firmographics- Name
- TriStar Gold
- Legal name
- TriStar Gold Inc.
- Website
- https://tristargold.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
TriStar Gold industry classification
Industry- Product category
- Gold Mining Development
- NAICS
- Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where TriStar Gold is headquartered
LocationHeadquarters
- HQ city
- Scottsdale
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
TriStar Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Distribution channels2 records
Marketing channels5 records
TriStar Gold product offering
Product offeringCore offering
TriStar Gold is a public exploration and development-stage mining company advancing its 100%-owned Castelo de Sonhos gold project in Pará State, Brazil. The company conducts mineral exploration (RC and diamond core drilling with OTV imaging), resource estimation, and pre-feasibility studies with the goal of developing an open-pit gold mine. Its sole product offering is the Castelo de Sonhos gold project, which has completed an updated Pre-Feasibility Study (May 2025) demonstrating 1.4Moz in reserves and projected annual production of 121koz.
Product overview
TriStar Gold is a single-project focused mining exploration and development company advancing the Castelo de Sonhos Gold Project in Pará State, Brazil. The company's sole product offering is the development of this open-pit gold mine, which has completed a pre-feasibility study (2025 updated PFS) demonstrating robust economics at US$2,200/oz base-case gold price with an after-tax NPV5% of US$603 million and IRR of 40%. The project is progressing through permitting and environmental licensing stages toward feasibility and eventual production.
Differentiator
Problem solved
Functional benefit
Products and services
- Castelo de Sonhos Gold Project Open-pit gold mining project located in Pará State, Brazil, with 1.4Moz in life-of-mine gold reserves and projected LOM average production of 121koz per year across two phases. The 2025 Updated PFS reports an after-tax NPV5% of US$603M at US$2,200/oz base-case gold (US$1,353M at ~US$3,200/oz spot), IRR of 40-72%, AISC of US$1,111/oz, and a 2-year after-tax payback. Currently advancing toward feasibility study and permitting.
Quantifiable outcome
- After-tax NPV5% of US$1,353M and IRR of 72% at ~US$3,200/oz gold price
- +3 more outcomes
Companies that use TriStar Gold
Customer profileSegments1 record
Ideal customer profiles2 records
TriStar Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
TriStar Gold partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered major, core, minor and exploratory.
- SEMAS (Secretaria de Estado de Meio Ambiente e Sustentabilidade)majorSEMAS, the environmental authority in Pará State, Brazil, agreed upon guidelines for formal social and environmental studies forming the basis for the environmental permit, construction permit and operations permit applications. Approval of the unified Terms of Reference for concessions covering the resource area was a major permitting milestone.
- GoldSpot Discoveries Corp.coreTriStar entered a letter agreement with GoldSpot Discoveries to use their data-driven science, artificial intelligence and machine learning capabilities to advance the Castelo de Sonhos project. The work program has two major components: (1) contributing information to TriStar's planned pre-feasibility study, and (2) delineating upside targets for exploration outside the current resource base. GoldSpot's machine learning algorithms analyze geological, geophysical, geochemical and petrophysical data to identify drill targets.
- CSA GlobalmajorCSA Global (an ERM company) was contracted alongside Piteau Associates to conduct the pre-feasibility study for the Castelo de Sonhos project. Adrian Martinez (P.Geo.) of CSA Global served as the independent Qualified Person for the September 2017 mineral resource estimate.
- Piteau AssociatesmajorPiteau Associates was contracted alongside CSA Global to conduct the pre-feasibility study for the Castelo de Sonhos project.
- McClelland LaboratoriesminorMetallurgical test work underway at McClelland Laboratories in Nevada as part of the pre-feasibility study process.
- GE21 Consultoria Mineral LtdamajorGE21 of Belo Horizonte, Brazil completed the Preliminary Economic Assessment (PEA) for the Castelo de Sonhos project (November 2018). Qualified Person Porfirio Cabaleiro Rodriguez (MAIG) led the independent technical disclosure and economic analysis.
- Fortress TechnologyexploratoryTriStar entered a proof-of-concept study with Fortress Technology (a Canadian company with production facilities in Brazil) to test whether high-precision metal detectors capable of parts-per-billion sensitivity can screen waste rock from gold-mineralized rock. Metal detection is feasible in paleoplacer deposits because the vast majority of rock is non-metallic quartz with no sulfides that would mask gold's electrical properties.
Scale indicators9 records
Recent moves6 records
Expansion highlights4 records
TriStar Gold competitors and assessment
Company assessmentDirect peers
- O3 Mining: Pre-production gold developer with PEA-stage assets in Quebec and Ontario; comparable single-asset junior developer profile and TSX-V-listed structure.
- Newcore Gold: Junior gold developer advancing the Enchi project in Ghana through PFS; similar stage, scale, and single-asset pre-construction profile.
- Goldsource Mines: Pre-production gold developer focused on a Canadian/Guiana advanced-stage project; comparable single-asset junior developer profile with PFS-stage economics.
- Serabi Gold: Junior gold producer operating the Palito and Sao Chico mines in Pará State, Brazil; directly comparable jurisdiction, scale, and gold-mining focus as TriStar's flagship asset.
- GoldMining Inc. Acquisition-focused gold developer with multiple Brazilian and Americas projects; similarly pre-revenue, single-asset-emphasis junior pursuing PFS-to-construction pathway.
- Cabral Gold: Junior gold explorer-developer advancing the Cuiú Cuiú project in Pará State, Brazil; directly comparable geography, asset stage, and PFS-stage development profile to TriStar.
Emerging players
- G Mining Ventures: Recent junior-to-producer transition at Tocantinzinho gold project in Pará State, Brazil; serves as a near-term reference point for what a successful construction phase in this jurisdiction looks like.
- Mako Mining: Junior gold producer with Nicaragua operations; comparable size and stage but already generating revenue, providing a transition benchmark from developer to producer.
Broad incumbents
- Equinox Gold: Mid-tier gold producer with multiple Brazilian operations (including former Leagold assets); relevant incumbent acquirer profile and jurisdictional benchmark.
- Aura Minerals: Mid-tier gold producer with operating mines in Brazil including Almas; not a direct peer but the relevant established regional operator/buyer of Brazilian gold assets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
TriStar Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
TriStar Gold leadership team
Management profileNumber of profiles
Profiles8 records
TriStar Gold funding detail
Funding detailFunding overview
Funding rounds7 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TriStar Gold 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 TriStar Gold
What does TriStar Gold do?
TriStar Gold is a public exploration and development-stage mining company advancing its 100%-owned Castelo de Sonhos gold project in Pará State, Brazil. The company conducts mineral exploration (RC and diamond core drilling with OTV imaging), resource estimation, and pre-feasibility studies with the goal of developing an open-pit gold mine. Its sole product offering is the Castelo de Sonhos gold project, which has completed an updated Pre-Feasibility Study (May 2025) demonstrating 1.4Moz in reserves and projected annual production of 121koz.
Is TriStar Gold a public or private company?
TriStar Gold is a public company. It is classified as public and is currently operating.
When was TriStar Gold founded?
TriStar Gold was founded in 2010. It employs 11 to 50 people.
Where is TriStar Gold based?
TriStar Gold is headquartered in Scottsdale, United States, in the North America region.
Who are TriStar Gold's main competitors?
Direct peers on record are O3 Mining, Newcore Gold, Goldsource Mines, Serabi Gold, GoldMining Inc. and Cabral Gold. Emerging players are G Mining Ventures and Mako Mining. Broad incumbents are Equinox Gold and Aura Minerals.
Does TriStar Gold have an API?
No public API is recorded for TriStar Gold.
What industry is TriStar Gold in?
TriStar Gold's product category is Gold Mining 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.