Val-d'Or Mining
Val-d'Or Mining Corporation is a junior mineral exploration company operating a project generator model in Canada's Abitibi Greenstone Belt, generating early-stage gold and base metal prospects and partnering with mining companies via option agreements while retaining NSR royalties.
- Company typePublic
- Founded2010
- HeadquartersVal-d'or, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Val-d'Or Mining does
Val-d'Or Mining Corporation is a junior natural resource issuer headquartered in Val-d'Or, Québec, operating a project generator business model focused on early-stage mineral exploration in Canada's Abitibi Greenstone Belt and Northern Quebec (Nunavik). The company controls 47 active mineral claims covering 33,818 hectares across gold, copper-zinc-silver, nickel-copper-PGE, and industrial mineral prospects, with additional royalty interests on 18,447 hectares. Rather than self-funding advanced exploration, Val-d'Or generates grassroots projects and structures option/joint venture agreements with mining companies — primarily Eldorado Gold (Québec) Inc. (up to $34.5 million committed across multiple properties), Gold Candle Ltd., Québec Nickel Corp., and Gold Royalty Corp. — while retaining 1-3% NSR royalties and back-in rights.
The company's revenue mechanics are non-traditional: it generates value through option payments (e.g., $300,000 staged from Gold Candle), partner-funded exploration expenditures, property sales for equity consideration (e.g., Juno Corp., Québec Nickel), and ultimately royalty streams upon any future production. Its go-to-market is direct relationship-based deal-making with mid-tier and major mining companies rather than product sales. Val-d'Or is publicly listed on the TSX Venture Exchange (VZZ) and OTCQB (VDOMF), was founded in 2010 (originally as Nunavik Nickel Mines Ltd.), and operates with a small management team led by Glenn J. Mullan (President/CEO) and Dr. C. Jens Zinke (COO).
Val-d'Or Mining firmographics
Firmographics- Name
- Val-d'Or Mining
- Legal name
- Val-d'Or Mining Corporation
- Website
- https://valdormining.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Val-d'Or Mining Corporation is a junior mineral exploration company operating a project generator model in Canada's Abitibi Greenstone Belt, generating early-stage gold and base metal prospects and partnering with mining companies via option agreements while retaining NSR royalties.
- Ownership category
- akta.pro rank
Val-d'Or Mining industry classification
Industry- Product category
- Mineral Exploration Services
- NAICS
- Other Metal Ore Mining (21229), Copper, Nickel, Lead, and Zinc Mining (21223), Support Activities for Metal Mining (213114), Mining (except Oil and Gas) (212)
- SIC
- Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090), Mineral Royalty Traders (6795)
- akta.pro primary industry
- Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)
Keywords
Where Val-d'Or Mining is headquartered
LocationHeadquarters
- HQ city
- Val-d'or
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Val-d'Or Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Supply Chain
Revenue model
- Net Smelter Returns (NSR) Royalties: The company generates revenue through NSR royalties retained on properties it has optioned or sold. Upon exercise of options by partners, Val-d'Or retains royalty interests (typically 1-2% NSR) on production.
- Option Payments: Partners make cash payments and incur exploration expenditures under option agreements. For example, Gold Candle Ltd. pays $300,000 over three years plus $1,000,000 in exploration expenditures for the Recession Larder Prospect.
- Property Sale Proceeds: The company sells exploration properties for equity consideration (shares in purchasing companies) while retaining NSR royalties. Examples include sales to Juno Corp., Sparton Resources Inc., and Progenitor Metals Corp.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Val-d'Or Mining product offering
Product offeringCore offering
Val-d'Or Mining is a junior natural resource issuer that generates and acquires early-stage mineral exploration projects, primarily in the Abitibi Greenstone Belt and Nunavik region of Canada. The company funds activities through option agreements, joint ventures, and property sales to mining partners, while retaining Net Smelter Return (NSR) royalties (typically 1-2%) and back-in rights on its gold, base metals, and PGE properties.
Product overview
Val-d'Or Mining Corporation is a junior natural resource issuer engaged in project generation and early-stage exploration. The company operates a portfolio of mining properties in Canada's Abitibi Greenstone Belt (NE Ontario and NW Québec) and Northern Québec (Nunavik). Their property portfolio includes gold prospects (Shootout, Fortin, Baden, Oregon, Magoma, Perestroika, Recession Larder, Upper Red Lake, Claw Lake, Cook Lake, Murdoch Creek, Island 27, Matachewan, Plumber) and Ni-Cu-PGE properties (Ducros Group). The company generates exploration projects and seeks option/joint venture partners to advance them, retaining royalties and free-carried interests. Val-D'Or also holds NSR royalties on properties operated by partners including Eldorado Gold and Québec Nickel Corp.
Differentiator
Problem solved
Functional benefit
Products and services
- Shootout Prospect Gold exploration prospect in the Raglan Belt of northern Québec, consisting of Shoot-Out East and Shoot-Out West combined properties totaling 63 claims, subject to a 3% NSR royalty.
- Fortin Prospect Five contiguous mining claims in central Ducros Township approximately 80 km northeast of Val-d'Or, Québec, subject to a 1.5% NSR royalty.
- Baden Prospect Gold exploration prospect in the Matachewan area of northeastern Ontario, with gold showings in quartz veins associated with mineralized syenite porphyry dikes. Under option to Eldorado Gold which can earn up to 80% interest.
- Oregon Prospect Gold exploration prospect covering an elongated granodiorite intrusion northeast of Val-d'Or, Québec. Primary metallogenic target is intrusive-hosted bulk tonnage gold deposit.
- Magoma Prospect Gold prospect in Hunter Mine Group volcanic rocks between Rouyn-Noranda and Normetal mining camps, with primary target being orogenic gold deposit related to a deformation zone.
- Perestroika Prospect Gold exploration prospect in Courville Township, Québec, approximately 40 km northeast of Val-d'Or. Val-d'Or holds 70% interest with Eldorado Gold optioning to earn additional 40% interest through $10.5M in expenditures over 5 years.
- Recession Larder Prospect 14 contiguous mining claim cells (121 hectares) in McGarry Township, northeastern Ontario, approximately 1.8 km northwest of the past-producing Kerr-Addison Mine. Optioned to Gold Candle Ltd. with Val-d'Or retaining 2% NSR and back-in right for 20% interest.
- Upper Red Lake Property 12 contiguous mineral claims (1,750 Ha) in the Birch-Uchi Greenstone Belt, Red Lake Mining Division, Ontario, located approximately 60 km ENE of Red Lake.
- Island 27 Prospect Prospect in the Kirkland Lake/Matachewan area of northeastern Ontario. Eldorado Gold can earn 70% interest with $6M in expenditures over 5 years.
- Matachewan Prospect Gold prospect in the Matachewan area of northeastern Ontario. Eldorado Gold can earn 70% interest with $1M in expenditures over 5 years.
- Plumber Prospect Prospect in northeastern Ontario. Eldorado Gold can earn 70% interest with $1M in expenditures over 5 years.
- Ducros Group of Properties Ni-Cu-PGE (nickel-copper-platinum group elements) exploration property sold to Québec Nickel Corp. Val-d'Or retains 1.5% NSR and holds equity in QNI.
- Claw Lake Prospect Gold prospect in Ontario under joint venture arrangement as part of JV Exploration Portfolio acquired from Gold Royalty Corp.
- Cook Lake Prospect Gold prospect in Ontario under joint venture arrangement as part of JV Exploration Portfolio acquired from Gold Royalty Corp.
- Murdoch Creek Prospect Gold prospect in Ontario under joint venture arrangement as part of JV Exploration Portfolio acquired from Gold Royalty Corp.
Companies that use Val-d'Or Mining
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles3 records
Val-d'Or Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Val-d'Or Mining partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Eldorado Gold (Québec) Inc.coreEldorado Gold may earn up to 70% interest in Perestroika, Murdoch Creek, Claw Lake, and Cook Lake properties by incurring $10.5 million in expenditures over five years. Val-d'Or currently holds 70% interest. Eldorado is project operator.
- Gold Candle Ltd.coreGold Candle may acquire 100% interest in Recession Larder Prospect for $300,000 payments and $1,000,000 exploration expenditures over three years. Val-d'Or retains 2% NSR royalty and back-in right for 20% interest upon mineral reserve estimation.
- Matachewan First Nation and Mattagami First Nation (Wabun Tribal Council)coreExploration Agreement signed covering exploration activities in northeastern Ontario's Abitibi Greenstone Belt. Includes financial benefits, shares, and stock options for the First Nations communities.
- Eldorado Gold (Québec) Inc.coreEldorado can earn up to 80% interest in Baden, Plumber, Island 27, and Matachewan Prospects through $20 million in exploration expenditures over 5 years. Additional option for Perestroika Ouest, Blue Mountain, Victoria Creek properties. Total potential Eldorado expenditures of $34.5 million.
- Gold Royalty Corp. / Golden Valley Abitibi Royalties Ltd.minorTransfer of Upper Red Lake property (1,750 Ha, 12 claims) in Ontario. Val-d'Or grants 1% NSR royalty on the property.
- Gold Royalty Corp. / Golden Valley Mines and Royalties Ltd.coreStrategic partnership involving transfer of Golden Valley Exploration Portfolio (12 properties) and JV Exploration Portfolio. Val-d'Or grants NSR royalties (0.5-1%) on acquired properties. Gold Royalty holds approximately 35.6% of Val-d'Or shares.
- Québec Nickel Corp.coreQuébec Nickel operates the Ducros Group of Properties (Ni-Cu-PGE) where Val-d'Or holds 1.5% NSR plus indirect interest through QNI share ownership. QNI has budgeted over $5 million for exploration including 20,000 metres of diamond drilling.
- Juno Corp.minorJuno acquired Luc Bourdon property for 1,500,000 Juno shares plus 1.5% NSR royalty. Juno completed geophysical and drill program on the property.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Val-d'Or Mining competitors and assessment
Company assessmentDirect peers
- Wallbridge Mining Company Limited: A TSX-listed gold exploration company operating in Quebec and Ontario, with flagship projects in the Abitibi Greenstone Belt. Comparable to Val-d'Or Mining in jurisdiction focus, commodity (gold), and junior-stage development approach with partnered drilling activity.
- Probe Metals Inc. A Canadian gold exploration company with primary assets in the Val-d'Or and Casa Berardi areas of Quebec's Abitibi Greenstone Belt. Closely comparable in commodity (gold), jurisdiction (Abitibi/Quebec), and size band as a TSX-listed junior gold explorer.
- Maple Gold Mines Ltd. A junior gold exploration company focused exclusively on the Abitibi Greenstone Belt in Quebec. Closely matches Val-d'Or in commodity, geography (Abitibi/Joutel area), and TSX-V listing; both operate as project generators in the same belt.
- Bonterra Resources Inc. A Quebec-focused gold exploration and development company with assets in the Abitibi Greenstone Belt (Urban Barry, Gladiator, Barry). Highly comparable as a junior gold company operating in Val-d'Or's home jurisdiction with similar exploration-stage profile.
- O3 Mining Inc. A TSX-listed gold exploration company with a portfolio of properties in Quebec and Ontario, including the Marban and Alpha projects in the Abitibi. Comparable in jurisdiction, commodity (gold), and TSX-V/TSX-listed junior profile.
Broad incumbents
- IAMGOLD Corporation: A mid-tier gold producer with significant operations in the Abitibi Greenstone Belt (Westwood, Côté Lake, Mouska). Comparable as a major operator in the same Abitibi jurisdiction and counterparty-type partner for Abitibi juniors.
- Agnico Eagle Mines Limited: One of the largest gold producers globally, with extensive Abitibi Greenstone Belt operations (Canadian Malartic, LaRonde, Goldex). Comparable as a senior mining counterparty that invests in or partners with Abitibi juniors such as Val-d'Or.
- Eldorado Gold Corporation: A mid-tier gold producer that is Val-d'Or Mining's largest option partner with up to $34.5M in committed expenditures. Comparable as a gold producer and exploration-active counterparty across the same Abitibi/Quebec properties.
Emerging players
- Kenorland Minerals Ltd. A junior mineral exploration company operating primarily in Quebec and Ontario with a project-generator model that retains royalties on partner-funded projects. Directly comparable to Val-d'Or's project generator approach and Canadian focus.
Regional players
- Generation Mining Limited: A Canadian mining company with base-metal and gold exploration interests, focused primarily on the Marathon PGM-Cu project in Ontario. Comparable as a TSX-listed junior with Canadian-focused mineral exploration activities though primarily base metals rather than gold.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Val-d'Or Mining social profiles
Digital presenceVal-d'Or Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Val-d'Or Mining leadership team
Management profileNumber of profiles
Profiles6 records
Val-d'Or Mining funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Val-d'Or Mining 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 Val-d'Or Mining
What does Val-d'Or Mining do?
Val-d'Or Mining is a junior natural resource issuer that generates and acquires early-stage mineral exploration projects, primarily in the Abitibi Greenstone Belt and Nunavik region of Canada. The company funds activities through option agreements, joint ventures, and property sales to mining partners, while retaining Net Smelter Return (NSR) royalties (typically 1-2%) and back-in rights on its gold, base metals, and PGE properties.
Is Val-d'Or Mining a public or private company?
Val-d'Or Mining is a public company. It is classified as public and is currently operating.
When was Val-d'Or Mining founded?
Val-d'Or Mining was founded in 2010. It employs 11 to 50 people.
Where is Val-d'Or Mining based?
Val-d'Or Mining is headquartered in Val-d'or, Canada, in the North America region.
How does Val-d'Or Mining make money?
Three revenue lines are on record. Net Smelter Returns (NSR) Royalties are the primary driver. The others are option Payments and property Sale Proceeds.
Who are Val-d'Or Mining's main competitors?
Direct peers on record are Wallbridge Mining Company Limited, Probe Metals Inc., Maple Gold Mines Ltd., Bonterra Resources Inc. and O3 Mining Inc.. Broad incumbents are IAMGOLD Corporation, Agnico Eagle Mines Limited and Eldorado Gold Corporation. Kenorland Minerals Ltd. is listed as an emerging player. Generation Mining Limited is listed as a regional player.
Does Val-d'Or Mining have an API?
No public API is recorded for Val-d'Or Mining.
What industry is Val-d'Or Mining in?
Val-d'Or Mining's product category is Mineral Exploration Services. Its primary akta.pro industry code is IMAKAKAB, Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger). Its NAICS code is 21229 and its SIC code is 1040.