North Bay Resources
North Bay Resources Inc. (OTC: NBRI) is a junior gold mining company that owns the 70%-held, 100 ton-per-day Bishop Gold Mill in California and processes ore from wholly owned and joint-venture mining projects in the Western US, British Columbia, and (pending) Sonora, Mexico, selling gold and silver concentrate to refinery partners.
- Company typePublic
- Founded2004
- HeadquartersBishop, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What North Bay Resources does
North Bay Resources Inc. (OTC: NBRI) is a US-domiciled, publicly traded junior gold mining company headquartered in Bishop, California. The company controls areas of significant copper, gold, platinum, and magnesium mineralization across California, Nevada, British Columbia, and Sonora (Mexico, pending acquisition). Its core asset is the Bishop Gold Mill, a fully permitted 100 ton-per-day flotation and gravity-separation processing facility in Inyo County, California, which the company owns at a 70% interest (acquired April 2024 and increased in January 2025). North Bay operates a vertically integrated business model: it acquires and develops mineral properties, processes ore through the Bishop Mill, and sells gold/silver concentrate to refinery partners (most notably Just Refiners in Reno, Nevada) under Net Smelter Return arrangements priced against spot metal markets.
The company's mining portfolio includes the Mt. Vernon Gold Mine (wholly owned, Sierra County, California, ~954,000 tons estimated), the Fran Gold Project (50/50 JV with MGX Minerals, British Columbia, 34,360 acres with a 474,001-ounce resource estimate), the Taber Gold Mine (50% JV, Sierra County), and the X-Ray Silver Mine (50% JV, Lander County, Nevada). Base and platinum-group metal exposure is provided by the wholly owned Copper Island (BC), Murex Copper (BC), and Tulameen Platinum (BC) projects. The pending $25 million acquisition of Bendito Resources would add the Oposura Zn-Ag-Pb, Alacran Cu-Ag-Au, and Promontorio Cu-Au projects in Sonora, Mexico.
Revenue is generated almost exclusively through gold and silver concentrate sales to refiners, with the company currently targeting $400-$800 per ton concentrate economics at full mill capacity. Gold recovery technology at the Bishop Mill combines gravity separation (Knelson Bowl, Gemini table, Deister table) achieving approximately 67% recovery with flotation cells delivering an additional 30%, for a total metallurgical recovery of up to 97%. The company is led by CEO Jared Lazerson (appointed February 2024) and operates with a small team of 1-10 employees. The company went public on OTC Markets under ticker NBRI and has historically funded operations through private placements, share issuances, and vendor share-based compensation.
North Bay Resources firmographics
Firmographics- Name
- North Bay Resources
- Legal name
- North Bay Resources Inc.
- Website
- https://northbay-resources.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- North Bay Resources Inc. (OTC: NBRI) is a junior gold mining company that owns the 70%-held, 100 ton-per-day Bishop Gold Mill in California and processes ore from wholly owned and joint-venture mining projects in the Western US, British Columbia, and (pending) Sonora, Mexico, selling gold and silver concentrate to refinery partners.
- Ownership category
- akta.pro rank
North Bay Resources industry classification
Industry- Product category
- Gold Mining and Mineral Processing
- NAICS
- Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (21223), Other Metal Ore Mining (21229)
- SIC
- Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industry
- Mining & Mineral Processing Facility Construction (IMAFADAE)
Keywords
Where North Bay Resources is headquartered
LocationHeadquarters
- HQ city
- Bishop
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
North Bay Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Gold and Silver Concentrate Sales: The company processes gold ore at the Bishop Gold Mill and sells gold/silver concentrate to refinery partners. Revenue is generated through Net Smelter Return payments based on spot metal prices minus refining fees. Recent concentrate sales have achieved approximately $400 per ton with optimization expected to reach $800 per ton.
- Physical Gold and Share Unit Financing: Private placement financing offering units consisting of common shares and physical gold to raise capital for gold production activities.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
North Bay Resources product offering
Product offeringCore offering
North Bay Resources is a gold mining and mineral processing company that acquires, explores, and develops mineral properties (gold, copper, platinum, silver) in the Western United States and Canada. It mines ore from its project sites, processes the ore at its owned Bishop Gold Mill in Bishop, California (a permitted 100 ton/day flotation and gravity separation facility), and sells refinery-ready gold and silver concentrate to precious metals refineries such as Just Refiners in Reno, Nevada under Net Smelter Return agreements at spot metal prices.
Product overview
North Bay Resources is a gold mining company operating a portfolio of mineral assets and processing facilities primarily in the Western United States and Canada. The company's core asset is the Bishop Gold Mill, a fully permitted 100-ton-per-day gold processing facility in Bishop, California that serves as the processing hub for ore from the company's mining projects. The company holds interests in multiple gold and copper mining projects including the Fran Gold Project (British Columbia), Mt. Vernon Gold Mine (California), Murex Copper Project (British Columbia), Copper Island Project (British Columbia), and Tulameen Platinum Project (British Columbia). The company also has joint venture interests in the Taber Gold Mine and operates under a 50/50 JV earn-in agreement for the Fran Gold Project with MGX Minerals. In 2026, the company announced acquisition of Bendito Resources to expand into Mexico with additional zinc, silver, lead, copper, and gold projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Bishop Gold Mill Fully permitted gold ore processing facility in Bishop, California capable of processing up to 100 tons of gold ore per day using a 96-ton per day flotation circuit. Includes crushing, milling, jigging concentration, flotation processing, gravity recovery via Deister shaker table, and on-site assay laboratory; processes ore from company mining projects and produces refinery-ready gold/silver concentrate.
- Fran Gold Project 34,360-acre gold mining project in British Columbia, Canada, located 20 miles from Centerra Gold's Mt. Milligan Mine. Contains the Bullion Alley Zone with a gold deposit 3,700 feet in length, up to 300 feet wide, and over 700 feet deep; resource estimate of 474,001 ounces at average grade of 0.34 g/t over 43.8 million tonnes; operated as a 50/50 joint venture with MGX Minerals.
- Mt. Vernon Gold Mine Permitted underground gold mine in Sierra County, California covering 120 acres with six 20-acre claims. Ore body estimated at 954,000 tons with assays up to 4.8 oz Au per ton; features paleo-placer deposits and auriferous quartz veins; MSHA-approved for production.
- Murex Copper Project Wholly owned copper-gold exploration project in British Columbia featuring a collapsed volcanic dome structure with breccia zones (D Zone, A Zone, E Zone) within a 1,200m X 3,000m area. Contains polymetallic Cu-Ag-Au-As-Sb-Mo-Te bearing sulphide mineralization with assays up to 9.5% copper.
- Copper Island Project A 1,056-hectare red-bed copper project in British Columbia, Canada with assays up to 14.7% Cu at the Copper Bell Zone. Contains Pomeroy and Copper Bell mineralized zones with historic resources; copper-silver bearing mineralization in amygdaloidal basaltic lava flows.
- Tulameen Platinum Project Wholly owned platinum project in British Columbia containing a magnesium-hosted nickel-cobalt deposit with copper and platinum group metals. Historic resource estimated at 15,000,000 tons of dunite in a single zone.
- Taber Gold Mine (50% Joint Venture) 50% interest joint venture in a permitted underground gold mine located in Sierra County, California. Largely undeveloped deposit with two known mineralized channels (Front and Back Channel) that converge into the Bellevue Channel crossing into the Union-Keystone Mine property.
- X-Ray Silver Mine (50% Joint Venture) 50/50 joint venture silver mine in Lander County, Nevada with past production grading 1,072 ounces per ton silver.
Quantifiable outcome
- 97% total gold recovery through combined gravity and flotation processing
- +3 more outcomes
Companies that use North Bay Resources
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
North Bay Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
North Bay Resources partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- Ruby Gold Mines Inc.minorSupplier of additional gravity circuit gold separation equipment including Knudsen Bowl and Gemini Shaker Table from existing inventory. RGI is owner of Ruby Gold Mine and processing facility in Sierra County, California.
- Just RefinerscorePrecious metals refinery partner in Reno, Nevada. Processes gold concentrate from Bishop Gold Mill and makes Net Smelter Return payments. Refining fee based on spot price with maximum 5% gross percentage.
- Sabean GroupminorMedia and management consulting firm founded by Tim Sabean. Receives 100 million incentive share purchase options at $0.0006 strike price and $20,000 per month cash compensation.
- Nex Gen AI Holdings LLCminorDigital marketing services provider at $22,166 per month for 6 months, to be settled with 133 million restricted shares at $0.0008.
- MGX Minerals Inc.core50/50 joint venture earn-in agreement for the Fran Gold Project in British Columbia. North Bay earns 50% interest by completing NI 43-101 compliant resource estimate and mining/milling 5,000 ounces of gold. Each party contributes equally to joint venture with 10% net profit interest if diluted below 15%.
- Proactive Investor North AmericaminorMedia services provider at $3,150 per month for 14 months for investor relations and media coverage.
- CNC Collective Inc.minorCorporate development services provider at $2,500 per month for 1 year.
- CMC Metals Ltd.minorNote holder and counterparty in acquisition of 55.5% of Bishop Gold Mill. North Bay assumed cash payments and share transfers to CMC as part of the transaction.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
North Bay Resources competitors and assessment
Company assessmentBroad incumbents
- Centerra Gold Inc. Major gold producer whose Mt. Milligan copper-gold mine sits 20 miles from NBRI's Fran Gold Project. Relevant comparable for the same geological district and as a benchmark for what a developed BC gold-copper asset looks like at scale.
Direct peers
- Honey Badger Silver Inc. Small-cap silver-focused explorer with projects in Canada. Comparable market cap tier and exploration-to-development profile to NBRI, especially relevant given NBRI's X-Ray Silver Mine JV.
- MGX Minerals Inc. JV partner on Fran Gold Project and former company of NBRI CEO Jared Lazerson. Both are micro-cap Canadian-listed resource companies operating in British Columbia with overlapping management and similar project profiles (gold, magnesite, lithium/critical minerals).
- Vangold Mining Corp. Small-cap Canadian junior gold and silver miner with operations in Mexico (Pinguico) and Canada. Comparable scale and listing tier to NBRI with precious metals focus and exploration-to-production transition.
- Strikepoint Gold Inc. Small-cap gold exploration company with US (Nevada) and BC operations. Similar profile to NBRI as a sub-$50M market cap gold developer with multiple early-stage projects.
- Blackrock Gold Corp. BC-focused gold exploration junior with silver exposure. Comparable scale, junior profile, and geographic focus to NBRI's BC project portfolio.
- K2 Gold Corporation: BC-focused gold exploration junior with projects in the Yukon and British Columbia. Directly comparable to NBRI's BC gold exposure (Fran, Murex) in scale, jurisdiction, and development stage.
- Paramount Gold Nevada Corp. Small-cap gold and silver exploration/producer operating in Nevada and Oregon. Comparable in commodity focus (gold/silver), US-based operations, and small-cap public market profile though at a more advanced stage.
- Ruby Gold Mines Inc. Owner of the Ruby Gold Mine in Sierra County, California and supplier of gravity circuit equipment to North Bay's Bishop Mill. Directly comparable as a small California-focused gold miner with operating permits and adjacent geography.
- CMC Metals Ltd. Counterparty in NBRI's Bishop Gold Mill acquisition and a small-cap Canadian precious and base metals explorer focused on British Columbia and Yukon. Directly comparable in scale, listing venue, and project portfolio composition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
North Bay Resources social profiles
Digital presenceNorth Bay Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
North Bay Resources leadership team
Management profileNumber of profiles
Profiles1 record
North Bay Resources subsidiaries and ownership
Company hierarchySubsidiaries9 records
North Bay Resources funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
North Bay Resources 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 North Bay Resources
What does North Bay Resources do?
North Bay Resources is a gold mining and mineral processing company that acquires, explores, and develops mineral properties (gold, copper, platinum, silver) in the Western United States and Canada. It mines ore from its project sites, processes the ore at its owned Bishop Gold Mill in Bishop, California (a permitted 100 ton/day flotation and gravity separation facility), and sells refinery-ready gold and silver concentrate to precious metals refineries such as Just Refiners in Reno, Nevada under Net Smelter Return agreements at spot metal prices.
Is North Bay Resources a public or private company?
North Bay Resources is a public company. It is classified as public and is currently operating.
When was North Bay Resources founded?
North Bay Resources was founded in 2004. It employs 1 to 10 people.
Where is North Bay Resources based?
North Bay Resources is headquartered in Bishop, United States, in the North America region.
How does North Bay Resources make money?
Two revenue lines are on record. Gold and Silver Concentrate Sales are the primary driver. The others are physical Gold and Share Unit Financing.
Who are North Bay Resources's main competitors?
Centerra Gold Inc. is listed as a broad incumbent. Direct peers are Honey Badger Silver Inc., MGX Minerals Inc., Vangold Mining Corp., Strikepoint Gold Inc., Blackrock Gold Corp., K2 Gold Corporation, Paramount Gold Nevada Corp., Ruby Gold Mines Inc. and CMC Metals Ltd..
Does North Bay Resources have an API?
No public API is recorded for North Bay Resources.
What industry is North Bay Resources in?
North Bay Resources's product category is Gold Mining and Mineral Processing. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAFADAE, Mining & Mineral Processing Facility Construction. Its NAICS code is 212220 and its SIC code is 1040.