Chesapeake Gold
Chesapeake Gold is a Vancouver-based junior mining developer advancing the flagship Metates gold-silver project in Durango, Mexico, using its proprietary heap oxidation technology for refractory sulphide ores. The pre-revenue company targets precious-metals investors on TSXV and OTCQX.
- Company typePublic
- Founded1993
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Chesapeake Gold does
Chesapeake Gold Corp. is a Vancouver-based junior mining exploration and development company founded in 1993, listed on TSX Venture Exchange (CKG) and OTCQX (CHPGF). The company's principal asset is the Metates gold-silver project in Durango, Mexico—one of the largest undeveloped disseminated gold-silver deposits in the Americas, hosting 19.8 million ounces of contained gold and 542 million ounces of contained silver in measured and indicated resources. Secondary assets include the Lucy gold exploration project in Sinaloa, Mexico, and a 68% interest in Gunpoint Exploration Ltd. (owner of Talapoosa, Nevada) acquired through divestiture.
The company's core technical asset is a proprietary heap oxidation (oxidative leach) technology for refractory sulphide ores, acquired through Alderley Gold Corp. in January 2021 and consolidated via a $5 million IP purchase from Hycroft Mining in June 2024. The technology achieved ~74% gold recovery in metallurgical column testing by promoting sulphide oxidation over a 180–204 day cycle, eliminating the need for capital-intensive autoclave circuits. U.S. Patent 12,595,529 was granted in April 2026, with parallel filings across Canada, Mexico, Latin America, and Africa.
Chesapeake is pre-revenue and pursues a capital-markets-led go-to-market model, raising development capital through TSXV bought-deal public offerings and non-brokered private placements, with Eric Sprott (via 2176423 Ontario Ltd.) maintaining approximately 17.9% insider ownership. The January 2026 financing of approximately $20.1 million fully funds 2026 activities including the Metates PFS and Lucy exploration. The company serves precious-metals mining investors on public exchanges and positions its heap leach platform for potential technology licensing to other operators with refractory sulphide deposits.
Chesapeake Gold firmographics
Firmographics- Name
- Chesapeake Gold
- Legal name
- Chesapeake Gold Corp.
- Website
- https://chesapeakegold.com
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Chesapeake Gold is a Vancouver-based junior mining developer advancing the flagship Metates gold-silver project in Durango, Mexico, using its proprietary heap oxidation technology for refractory sulphide ores. The pre-revenue company targets precious-metals investors on TSXV and OTCQX.
- Ownership category
- akta.pro rank
Chesapeake Gold industry classification
Industry- Product category
- Gold and Silver Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222), Nonferrous Metal (except Aluminum) Smelting and Refining (33141)
- SIC
- Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Precious Metals Smelting & Refining (IMAKAEAE)
Keywords
Where Chesapeake Gold is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Chesapeake Gold business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Gold and Silver Production: Pre-revenue exploration and development stage company. Future revenue will be generated from gold and silver production at the Metates project in Durango, Mexico, using the proprietary sulphide heap leach technology. Phase 1 PEA projects average annual production of over 110,000 ounces of gold and 2.5 million ounces of silver during the first 15 years.
- Project Royalties and Equity Stakes: Company holds equity stakes and royalties from divested projects including 14.99% of Mexican Gold Mining Corp. from Tatatila sale and 1.5% NSMR royalty. Also holds 68% of Gunpoint Exploration Ltd. which owns Talapoosa gold-silver project in Nevada.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Bought Deal Public Offering Units - January 2026 |
| Other | Pay-as-you-go | Non-Brokered Private Placement Units - Eric Sprott |
| Other | Pay-as-you-go | IP Acquisition Payment - June 2024 |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Chesapeake Gold product offering
Product offeringCore offering
Chesapeake Gold Corp. is a precious metals exploration and development company advancing the flagship Metates gold-silver project in Durango, Mexico toward production. The company applies a proprietary heap oxidation technology for cost-effective processing of refractory sulphide ores, eliminating the need for traditional autoclave circuits. It also explores the Lucy gold project in Sinaloa, Mexico, and holds interests in the Talapoosa gold-silver project in Nevada via Gunpoint Exploration Ltd.
Product overview
Chesapeake Gold is a mining exploration and development company with three principal assets: the flagship Metates Project (one of the largest undeveloped gold-silver deposits in the Americas in Durango, Mexico), the Lucy Project (a gold exploration property in Sinaloa, Mexico with high-grade skarn mineralization), and the Talapoosa Project (a Nevada gold-silver deposit now held through Gunpoint Exploration). The company's proprietary oxidative leach technology enables cost-effective heap leaching of refractory sulphide ores, representing a potential breakthrough in gold-silver processing economics.
Differentiator
Problem solved
Functional benefit
Products and services
- Metates Project 100%-owned flagship gold-silver project located 175 km northeast of Mazatlán in Durango state, Mexico, hosting one of the largest undeveloped disseminated gold-silver deposits in the Americas with measured and indicated resources of 19.8 million ounces of gold and 542 million ounces of silver. Being developed as a low-cost, scalable sulphide heap leach operation.
- Lucy Project Gold exploration project located in central Sinaloa, Mexico, comprising 483 hectares within 5 km of a paved highway. Features a gold-bearing skarn system with high-grade gold mineralization starting from surface, achieving up to 97% gold recoveries in preliminary metallurgical tests.
- Proprietary Oxidative Leach Technology Proprietary heap oxidation technology enabling enhanced metal recovery from refractory sulphide ores. Enables heap leaching instead of traditional autoclave circuits, resulting in lower capital and processing costs, stronger project economics, and a reduced environmental footprint. Achieved ~74% gold recovery in metallurgical testing.
- Talapoosa Project Disseminated quartz-adularia style epithermal gold-silver deposit located 45 km east of Reno, Nevada. Held indirectly via 68-74% ownership of Gunpoint Exploration Ltd.
Quantifiable outcome
- 388% share price appreciation in 2025
- +6 more outcomes
Companies that use Chesapeake Gold
Customer profileSegments2 records
Ideal customer profiles2 records
Chesapeake Gold technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Chesapeake Gold partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered strategic and core.
- Mining Association of Canada (MAC)strategicMembership in Mining Association of Canada effective April 2026. Allows participation in Towards Sustainable Mining (TSM) program promoting environmental stewardship and social responsibility. Aligns Chesapeake with industry leaders committed to responsible resource development.
- Community of San Juan de CamaronesstrategicCommunity exploration agreement extended until October 2030. Local community partnership in Municipality of Santiago Papasquiaro, Durango, Mexico for Metates project development.
- Hycroft Mining Holding CorporationcoreAcquired patents, patent applications, and technology rights to sulphide leaching technology from Hycroft. Transaction completed June 5, 2024 for $2 million cash and 1,026,518 shares. Terminated previous Alderley License and extinguished royalty obligations.
- Alderley Gold Corp.coreWholly-owned subsidiary acquired in January 2021 providing access to proven and innovative sulphide heap leaching technology together with proprietary databases. Created path towards becoming an innovative gold and silver producer.
Scale indicators8 records
Recent moves9 records
Expansion highlights5 records
Chesapeake Gold competitors and assessment
Company assessmentBroad incumbents
- Alamos Gold: Intermediate gold producer with operations across North America including Mexico (Mulatos). Comparable as a Mexican-operating gold miner of similar size that successfully transitioned from developer to producer.
- Hecla Mining Company: Largest U.S.-based silver producer with diversified gold-silver operations. Comparable as a silver-gold miner with focus on long-life assets and is included in the same Nasdaq Metals Focus Silver Miners Index as Chesapeake.
- First Majestic Silver: Pure-play silver producer with multiple Mexican mining operations. Comparable as a silver-focused precious metals company operating in the same Mexican jurisdiction as Chesapeake's Metates and Lucy projects.
- SSR Mining: Multi-asset gold-silver producer with operations in the Americas including Mexico. Comparable as a mid-tier precious metals producer with similar geographic exposure and gold-silver project portfolio.
- Pan American Silver: World's largest primary silver producer with diversified gold-silver portfolio across the Americas including Mexico. Comparable as a silver-gold major operating in similar jurisdictions and also included in silver miner indices.
- Coeur Mining: Established precious metals producer with operations across North America including Mexico (Palmarejo). Comparable as a larger-scale gold-silver operator with significant silver exposure and Mexican operational footprint.
Direct peers
- Alderley Gold Corp. Wholly-owned subsidiary of Chesapeake that originally developed the proprietary sulphide heap leaching technology. Comparable as the technology platform entity within Chesapeake's corporate structure and a precursor to the current processing innovation.
- Hycroft Mining Holding Corporation: Operates the Hycroft silver-gold mine in Nevada and previously owned the sulphide leaching technology that Chesapeake ultimately acquired in June 2024. Both companies target refractory sulphide ore processing, making them direct technology and operational comparables.
- Endeavour Silver: Mid-tier silver-gold producer focused entirely on mining operations in Mexico. Comparable as a Mexican-focused silver-gold developer/producer with similar jurisdictional risk profile and project economics structure.
- MAG Silver Corp. Development-stage silver-gold company focused on the Juanicipio project in Mexico with major silver resource base. Comparable as a Mexican-focused, silver-rich precious metals developer with similar large-scale resource economics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Chesapeake Gold social profiles
Digital presenceChesapeake Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Chesapeake Gold leadership team
Management profileNumber of profiles
Profiles6 records
Chesapeake Gold subsidiaries and ownership
Company hierarchySubsidiaries2 records
Chesapeake Gold funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Chesapeake 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 Chesapeake Gold
What does Chesapeake Gold do?
Chesapeake Gold Corp. is a precious metals exploration and development company advancing the flagship Metates gold-silver project in Durango, Mexico toward production. The company applies a proprietary heap oxidation technology for cost-effective processing of refractory sulphide ores, eliminating the need for traditional autoclave circuits. It also explores the Lucy gold project in Sinaloa, Mexico, and holds interests in the Talapoosa gold-silver project in Nevada via Gunpoint Exploration Ltd.
Is Chesapeake Gold a public or private company?
Chesapeake Gold is a public company. It is classified as public and is currently operating.
When was Chesapeake Gold founded?
Chesapeake Gold was founded in 1993. It employs 1 to 10 people.
Where is Chesapeake Gold based?
Chesapeake Gold is headquartered in Vancouver, Canada, in the North America region.
How does Chesapeake Gold make money?
Two revenue lines are on record. Gold and Silver Production is the primary driver. The others are project Royalties and Equity Stakes.
Who are Chesapeake Gold's main competitors?
Broad incumbents on record are Alamos Gold, Hecla Mining Company, First Majestic Silver, SSR Mining, Pan American Silver and Coeur Mining. Direct peers are Alderley Gold Corp., Hycroft Mining Holding Corporation, Endeavour Silver and MAG Silver Corp..
Does Chesapeake Gold have an API?
No public API is recorded for Chesapeake Gold.
What industry is Chesapeake Gold in?
Chesapeake Gold's product category is Gold and Silver Mining. 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.