Xali Gold
Xali Gold is a Vancouver-based junior gold and silver mining company (TSX-V: XGC) with a multi-asset portfolio across Mexico and Peru, focused on advancing the Pico Machay gold project toward near-term production while monetizing the El Oro district via royalties, tailings reprocessing, and toll processing at the SDA Plant.
- Company typePublic
- Founded2009
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Xali Gold does
Xali Gold Corp. (TSX-V: XGC), formerly Candente Gold Corp. (renamed January 2021), is a Vancouver-based junior gold and silver mining exploration and development company founded in 2009. The company operates a multi-asset portfolio across Mexico and Peru, with its strategic focus having shifted in 2023 toward South America and the Pico Machay advanced-stage gold project, which previously received a production decision at a $700/oz gold price by prior owner Aquiline Resources. In Mexico, Xali Gold retains 100% of the district-scale El Oro gold-silver epithermal vein system, which produced approximately 6.4 million ounces of gold and 74 million ounces of silver historically from just two of 20+ known veins, plus the El Oro Tailings inferred resource of 1,267,400 tonnes containing 119,900 ounces of gold and 3,061,200 ounces of silver, and a 50% interest in the operational SDA flotation and Merrill Crowe processing plant in Nayarit. Additional exploration-stage projects include El Dorado, Cocula, and Victoria in Canada/ Newfoundland, plus the Majo, Las Brujas, and Minera Calipuy properties in Peru.
The company's revenue model combines direct production sales of gold-silver flotation concentrates to smelters, a 5% Net Profits Interest (NPI) Life of Mine royalty from Sun River Gold on the El Oro Tailings project, the first US$1.5M of the El Oro Municipality's 8% NPI for the first three years of tailings production, and toll processing fees from regional mine operators at the SDA Plant. Xali Gold's go-to-market is partner-led: the company acquires projects with near-surface exploration potential and previous mining history, then advances them either internally or with industry partners (Sun River, WIYA, Magellan, Starcore, KCA, Barrick) that provide capital, operating capability, and engineering expertise. Headcount is 1-10 employees, consistent with a junior explorer that outsources most operational execution to partners. Cumulative private placement funding is approximately CAD $3-4 million across 2015-2026, and no revenue has been publicly disclosed.
Xali Gold firmographics
Firmographics- Name
- Xali Gold
- Legal name
- Xali Gold Corp.
- Website
- https://xaligold.com
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Xali Gold is a Vancouver-based junior gold and silver mining company (TSX-V: XGC) with a multi-asset portfolio across Mexico and Peru, focused on advancing the Pico Machay gold project toward near-term production while monetizing the El Oro district via royalties, tailings reprocessing, and toll processing at the SDA Plant.
- Ownership category
- akta.pro rank
Xali Gold industry classification
Industry- Product category
- Gold and Silver Mining Exploration
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)
Keywords
Where Xali Gold is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Xali Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Gold and Silver Production Sales: Revenue from production and sale of gold, silver, and concentrates to smelters. The company sells flotation concentrates to smelters and receives payment for precious metals content.
- Royalty and NPI Payments: Xali Gold receives 5% Net Profits Interest (NPI) Life of Mine royalty from Sun River Gold on El Oro Tailings production, plus the first US$1.5M of the Municipality's 8% NPI during the first 3 years of operation.
- Toll Processing: SDA Plant processes ore from various operators in the region on a toll basis, generating processing fees.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Xali Gold product offering
Product offeringCore offering
Xali Gold is a junior mining company that explores, develops, and produces gold and silver from mineral properties in Mexico and Peru. The company's core assets include the El Oro district-scale gold-silver project in Mexico (encompassing the El Oro Hard Rock epithermal vein system, El Oro Tailings reprocessing operation, and the SDA flotation plant) and the Pico Machay advanced-stage gold project in Peru. Revenue is generated through the sale of gold-silver concentrates to smelters, royalty and Net Profits Interest (NPI) payments from operating partners, and toll processing fees at the SDA Plant.
Product overview
Xali Gold Corp. is a gold-focused mining company operating a portfolio of mining projects and exploration properties. The company's core assets include the Pico Machay advanced-stage gold project in Peru with near-term production goals, and the El Oro district-scale gold-silver project in Mexico consisting of the El Oro Hard Rock epithermal vein system, the El Oro Tailings reprocessing operation, and the SDA processing plant in Western Mexico. Additional projects include the El Dorado Gold-Silver Project in Nayarit, the Cocula Gold Project, the Victoria Property in Newfoundland, the Majo Project in Peru, and the Las Brujas exploration project in Peru. The company generates value through exploration, development, and processing of gold and silver resources with strategic partnerships including Sun River Gold (El Oro Tailings), Grupo Minero WIYA (SDA Plant operations), and Magellan Acquisition Corp. (Western Mexico assets).
Differentiator
Problem solved
Functional benefit
Products and services
- Pico Machay Project An advanced-stage gold project in Peru with near-term production goals. Previous owner Aquiline Resources Inc. made a production decision targeting an open-pit heap-leach operation expected to be low-cost in 2009 at a gold price of $700/oz.
- El Oro Hard Rock Project A district-scale gold-silver epithermal vein system in Mexico covering 20 veins with past production and more than 57 veins total. Historic production of approximately 6.4 million ounces of gold and 74 million ounces of silver from just two veins, with exploration potential below historic workings of the San Rafael Vein mined only to 200 meters average depth.
- El Oro Tailings Project Mexico Mine Tailings containing an Inferred Resource of 1,267,400 tonnes grading 2.94 Au g/t, 75.12 Ag g/t with 119,900 ounces of gold and 3,061,200 ounces of silver. Sun River Gold holds an option to acquire 100% interest in exchange for staged payments and NPI royalties. Xali Gold receives 5% NPI Life of Mine royalty and first US$1.5M of the Municipality's 8% NPI during the first 3 years.
- SDA Plant San Dieguito de Arriba flotation plant in Nayarit, Western Mexico. A fully operational processing facility with 10-year operating history at 100 tons per day, with capacity up to 200 tons per day. Includes Merrill Crowe precious metals leach circuit. Xali Gold holds 50% ownership with Grupo Minero WIYA operating the plant. Processes ore from various regional operators on a toll basis.
- El Dorado Gold-Silver Project Located in Nayarit, Mexico along the Pacific Coastal Plain. Features the El Dorado epithermal vein trend with outcropping vein over 1.5 km and additional discontinuous outcrops indicating 3.5 km strike length. Historic mining operations produced high-grade material averaging 5 g/t Au and 70 g/t Ag.
- Cocula Gold Project Gold exploration project in Western Mexico with drill targets delineated. High-grade gold and silver values sampled during due diligence activities.
- Victoria Property Gold exploration property in Central Newfoundland, Canada. Initial exploration completed with gold mineralization uncovered. Work conducted with Windfall Geotek using AI digital exploration technology.
- Majo Project High sulphidation gold project in Central Peru. Optioned in September 2024 as part of the company's strategic shift from Mexico to South America.
- Las Brujas Project Exploration project in Peru, part of the company's Peru portfolio of early to mid-stage epithermal gold projects.
Quantifiable outcome
- 85-92% gold recovery rates at SDA Plant
- +2 more outcomes
Companies that use Xali Gold
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Xali Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Xali Gold partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- StarcoreminorStarcore joined the team to develop the El Oro Tailings Project in Mexico, bringing additional operational expertise.
- Grupo Minero WIYAcoreWIYA made repairs to get SDA Plant operational and is conducting bulk sample testing. Discussions ongoing to form Joint Venture for shared profits. Currently Magellan and Xali Gold each own 50%.
- BarrickminorAgreement signed in Peru - details not fully disclosed in available sources.
- Magellan Acquisition Corp (Cocula Project)minorProfit sharing agreement for Cocula Gold Project in Western Mexico.
- Magellan Acquisition CorpcoreXali Gold has option to earn up to 100% in SDA Plant and El Dorado Property through share payments totaling value of US$1.425M over 30 months. Magellan holds interest through subsidiary Minerales Vane 2.
- El Oro MunicipalitycoreRatified agreement provides Xali Gold right to recover gold and silver from tailings deposit, paying Municipality 8% NPI. First US$1.5M of NPI retained by Xali Gold. Agreement renewed every 3 years.
- Sun River Gold CorpcoreSun River Gold has option to earn 100% of El Oro Tailings Project by making staged payments totaling US$500,000 (paid), achieving commercial production, and granting Xali Gold a 5% NPI Life of Mine royalty plus first US$1.5M of Municipality's 8% NPI. Sun River arranged US$6.5M financing and expects operational status.
- Third Party Royalty HoldersminorTwo royalty agreements with third parties who have rights to produce gold and silver from specific areas of the El Oro gold-silver Project in Mexico.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Xali Gold competitors and assessment
Company assessmentBroad incumbents
- Alamos Gold: Intermediate gold producer with the Mulatos mine in Mexico and development-stage projects in Canada and Turkey. Comparable as a Mexico-operating gold miner with a mix of producing and development assets.
- Argonaut Gold: Mid-tier gold producer operating the El Castillo and San Agustin mines in Mexico, plus the Magino mine in Canada. Comparable as a Mexico-focused gold operator, though larger and already in production rather than exploration/development.
- Torex Gold Resources: Mid-tier gold producer operating the Morelos Complex in Mexico (El Limón-Guajes). Comparable geographic and commodity exposure, but Torex is in production and substantially larger.
Direct peers
- MAG Silver Corp. Silver-focused developer with the Juanicipio project in Mexico (joint ventured with Fresnillo). Comparable as a Mexico-focused precious-metals developer with project-level economics dependent on a major partner.
- Capitan Mining Inc. Junior gold/silver explorer focused on the Capitan project in Durango, Mexico. Comparable as a TSX-V-listed junior with Mexico-dominant gold/silver exploration assets.
- Bear Creek Mining Corporation: Peru-focused developer advancing the Corani silver-lead-zinc project. Comparable as a small-cap developer with advanced-stage Peruvian project exposure and similar execution/permitting risk profile.
- Minera Alamos Inc. Junior gold producer/developer with operating Mexican gold mines (Santana, Cerro de Oro) and a development-stage project in Mexico. Comparable as a Mexico-focused gold junior with both operating and development assets.
- Prime Mining Corp. Junior gold-silver developer advancing the Los Reyes project in Sinaloa, Mexico. Comparable as a TSX-V-listed junior advancing a Mexican epithermal gold-silver project toward production.
- Avino Silver & Gold Mines: Silver-gold producer operating the Avino mine in Mexico with an adjacent processing plant (similar toll-processing capability). Comparable precious-metals focus, Mexico operations, and integrated plant model.
Emerging players
- Marlin Gold Mining / Aftermath Silver: Precious-metals explorer/developer with Peru and Mexico exposure (Reliquias, Berenguela, Cachinal). Comparable as a small-cap precious-metals developer operating in similar jurisdictions with similar permitting/financing constraints.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
Xali Gold social profiles
Digital presenceXali Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xali Gold leadership team
Management profileNumber of profiles
Profiles3 records
Xali Gold subsidiaries and ownership
Company hierarchySubsidiaries2 records
Xali Gold funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xali Gold M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Xali Gold
What does Xali Gold do?
Xali Gold is a junior mining company that explores, develops, and produces gold and silver from mineral properties in Mexico and Peru. The company's core assets include the El Oro district-scale gold-silver project in Mexico (encompassing the El Oro Hard Rock epithermal vein system, El Oro Tailings reprocessing operation, and the SDA flotation plant) and the Pico Machay advanced-stage gold project in Peru. Revenue is generated through the sale of gold-silver concentrates to smelters, royalty and Net Profits Interest (NPI) payments from operating partners, and toll processing fees at the SDA Plant.
Is Xali Gold a public or private company?
Xali Gold is a public company. It is classified as public and is currently operating.
When was Xali Gold founded?
Xali Gold was founded in 2009. It employs 1 to 10 people.
Where is Xali Gold based?
Xali Gold is headquartered in Vancouver, Canada, in the North America region.
How does Xali Gold make money?
Three revenue lines are on record. Gold and Silver Production Sales are the primary driver. The others are royalty and NPI Payments and toll Processing.
Who are Xali Gold's main competitors?
Broad incumbents on record are Alamos Gold, Argonaut Gold and Torex Gold Resources. Direct peers are MAG Silver Corp., Capitan Mining Inc., Bear Creek Mining Corporation, Minera Alamos Inc., Prime Mining Corp. and Avino Silver & Gold Mines. Marlin Gold Mining / Aftermath Silver is listed as an emerging player.
Does Xali Gold have an API?
No public API is recorded for Xali Gold.
What industry is Xali Gold in?
Xali Gold's product category is Gold and Silver Mining Exploration. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAB, Silver Mining. Its NAICS code is 212220 and its SIC code is 1040.