Unigold

What Unigold does

Unigold Inc. is a Canadian junior natural resource company, incorporated in Ontario in 1990 and headquartered in Toronto, that is focused on the exploration and development of gold assets in the Dominican Republic. Its core asset is the 100%-owned Neita Fase II exploration concession (21,031 Ha) in Dajabón province — the largest single concession covering volcanic rocks of the Cretaceous Tireo Formation and the site of the Candelones gold deposit. The company completed a positive Feasibility Study in November 2022 on the Candelones Oxide Project, a planned open-pit heap leach operation targeting 30,000-40,000 ounces of gold per year over a 3-4 year mine life, with 88% recovery from oxide material, a $35.9 million initial capex, and a 43.6% after-tax IRR at $1,650/oz gold. The broader resource base includes 1.15 million ounces of Measured and Indicated material and 1.1 million ounces inferred, with the Candelones Extension (CE) hosting higher-grade sulphide mineralization that offers longer-term development optionality.

The business model is pre-revenue project advancement: the company raises equity through private placements (cumulative ~C$46 million across multiple rounds since 2004) and warrant exercises, advances the asset through drilling and metallurgical studies, secures environmental and exploitation permits, and ultimately intends to produce gold doré bars for sale to refineries. Revenue mechanics remain prospective — there is no current production, and the most advanced project is targeting ESIA completion by Q2 2026 prior to a construction decision. Strategic positioning includes an exploration earn-in agreement with Barrick Gold Corporation on the adjacent Neita Norte Concession (up to 80% earn-in), and a February 2026 board refresh that added former Barrick Pueblo Viejo leadership and former Dominican government officials to strengthen permitting and government affairs capacity ahead of project execution.

Name

Unigold

Legal name

Unigold Inc.

Website

https://unigoldinc.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Unigold Inc. is a Canadian junior gold explorer and developer focused on advancing its 100%-owned Neita Concession and Candelones Oxide Project in the Dominican Republic toward a planned heap-leach gold production decision, currently pre-revenue with a market cap of ~C$126 million.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

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

akta.pro primary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

Keywords

• Gold exploration
• Mineral exploration
• Heap leach processing
• Diamond drilling services
• Resource development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Gold Production Revenue: Pre-revenue exploration stage. Planned revenue from gold doré bar production through heap leach operations at Candelones oxide project. Production expected at 102,970 oz payable gold over 3.3 year mine life at $1,650/oz gold price assumption.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Unigold is a Canadian junior mineral exploration and development company focused on advancing its 100%-owned Candelones Oxide Project and broader 21,031 Ha Neita Concession in the Dominican Republic toward gold production. The planned open-pit heap leach operation targets 30,000–40,000 oz of gold annually over a 3–4 year mine life, supported by 1.15 million ounces of Measured and Indicated resources and 20+ additional exploration targets across the concession.

Product overview

Unigold is a Canadian junior natural resource company focused on gold exploration and development in the Dominican Republic. Its primary product portfolio consists of the Candelones Oxide Project—a planned open-pit heap leach operation targeting 100,000 oz oxide gold resources—supported by the broader Neita Concession covering 21,031 Ha with 20+ exploration targets. The company operates two key mineral resource zones: Candelones Main and Connector (CMC) for oxide heap leach processing, and Candelones Extension (CE) for higher-grade sulphide resources. The Neita Norte Concession is held under a Barrick Gold earn-in agreement. Unigold provides metallurgical testwork services to characterize ore processing requirements for both oxide (90%+ gold recovery via cyanidation) and sulphide (flotation concentrate) mineralization.

Differentiator

Problem solved

Functional benefit

Products and services

• Candelones Oxide Project An open-pit heap leach operation targeting oxide gold mineralization at the Candelones deposit in the Dominican Republic, expected to produce 30,000–40,000 ounces of gold per year over a 3–4 year period with projected gold recovery of 88% from oxide material and all-in sustaining cost of $829/oz Au.
• Neita Concession A 21,031 Ha exploration concession covering the Cretaceous Tireo Formation in Dajabón province, Dominican Republic, hosting the Candelones gold deposit and 20+ additional exploration targets prospective for VHMS, epithermal, and porphyry copper-gold deposits.
• Candelones Mineral Resources (CMC and CE deposits) Combined Measured and Indicated mineral resources of 1.15 million ounces AuEq across Candelones Main and Connector (CMC) oxide zones and Candelones Extension (CE) high-grade sulphide zones, with open-pit and underground mineable material supporting both heap leach and flotation processing routes.
• Metallurgical Testwork Services Laboratory testing services characterizing oxide and sulphide mineralization processing requirements, including bottle roll leaching, column leach testing, flotation concentration, and Run-of-Mine heap leach amenability studies conducted on Candelones ore samples.

Quantifiable outcome

• 43.6% after-tax IRR at $1,650/oz gold price with 1.6 year payback period
• +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

Feature1 record

Partnerships

Three partnerships are on record, tiered core and supporting.

• Barrick Gold CorporationcoreStrategic or Co-development Partner · 14 July 2023Barrick Gold holds an earn-in option on the adjacent Neita Norte concession. Barrick can earn up to 80% interest by meeting spending and study milestones. This partnership validates the exploration potential of the Neita Concession and provides technical expertise and capital for exploration activities.
• Micon InternationalcoreImplementation/ SI/ Consulting PartnerMicon International prepared the 2022 Feasibility Study and 2021 PEA for the Candelones Oxide Project. They provide independent technical expertise and NI 43-101 compliant reporting.
• Bureau Veritas Minerals (BVM)supportingImplementation/ SI/ Consulting PartnerBureau Veritas Minerals conducted metallurgical testwork in 2020 and 2021, including column leach testing and flotation studies on Candelones sulphide and oxide mineralization samples.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Alamos Gold Inc. Mid-tier gold producer with operations in North America and Turkey. Comparable as a single-jurisdiction-focused gold developer that has transitioned from junior explorer to producer, illustrating the potential path for Unigold.
• Newmont Corporation: Largest gold miner globally and JV partner with Barrick at Pueblo Viejo in the Dominican Republic. Provides regional context for infrastructure, services, and the broader mining ecosystem in which Unigold operates.
• Barrick Gold Corporation: Global Tier-1 gold producer and operator of the adjacent Pueblo Viejo mine (22M oz Au). Holds an earn-in option on Unigold's Neita Norte concession. Comparable through shared geology and proximity, but vastly larger scale and diversified across geographies.

Direct peers

• Argonaut Gold Inc. Junior gold producer with operations in North America. Comparable as a small-cap gold company that has transitioned through construction and into production, offering a relevant operational and capital structure benchmark.
• MAG Silver Corp: Pre-revenue/pre-production silver-gold developer with a single advanced-stage project, similar to Unigold in size and stage. Both are single-asset junior precious metals developers awaiting permitting and construction decisions.
• Endeavour Silver Corp: Mid-tier precious metals producer focused on silver-gold operations in Mexico. Comparable as a junior-to-mid-tier precious metals company with single-commodity exposure, demonstrating the operating profile Unigold aims to reach.
• GoldQuest Mining Corp: Junior gold and copper explorer also operating in the Dominican Republic. Directly comparable in terms of jurisdiction, single-asset exploration model, and shareholder base exposure to DR mining policy. The May 2026 Romero project halt demonstrates direct political linkage between these two companies.

Emerging players

• Romios Gold Resources Inc. Junior gold explorer with properties in British Columbia, Ontario, and Nevada. Comparable as a small-cap single-commodity exploration company with no current production, providing a TSX Venture peer benchmark.
• Precipitate Gold Corp: Early-stage gold exploration company focused on Latin America and the Caribbean. Comparable in size and stage to Unigold, with similar exploration-stage asset profile and capital needs.

Others

• Micon International: Independent mining consultancy that prepared Unigold's 2022 Feasibility Study and 2021 PEA. Comparable as a key service provider rather than direct competitor, illustrating the technical ecosystem around Candelones.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/unigoldinc
• LinkedInlinkedin.com/company/unigold-inc-ugd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds14 records

Investors6 records

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

M&A

Investments

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

Frequently asked questions about Unigold