Santa Fe Gold

What Santa Fe Gold does

Santa Fe Gold Corporation (OTC Pink: SFEG) is a U.S.-based mining and exploration enterprise engaged in the acquisition, development, and production of precious metals in New Mexico. The company controls 148 mining claims covering 42 potential mine sites across the historically productive Steeple Rock and Black Hawk Mining Districts in Grant County, including the actively producing Jim Crow Mine (since April 2019) and Billali Mine (recommissioned December 2019), as well as the Black Hawk-Alhambra Silver Mine Complex acquired via Bullard's Peak Corporation in April 2019. The company is publicly traded, incorporated in Delaware, headquartered in Albuquerque, and operates with a headcount of 1-10 employees.

The company's core product is gold and silver siliceous vein material extracted from epithermal vein deposits. Ore is crushed to 3/8-inch specification at a 150 tons-per-hour crushing facility near Duncan, Arizona, and sold as a fluxing agent to copper and precious metals smelters. Exploration relies on conventional methods — geologic mapping, sampling, trenching, radiometric surveying, geophysics, and drilling — with electro-geophysical methods under evaluation for locating high-value silver ore shoots in Five Element Vein deposits at the Black Hawk district. The subsidiary Bullard's Peak Corporation holds 13 patented and 82 unpatented claims in Black Hawk.

Santa Fe Gold generates revenue through direct transactional sales of ore to Arizona-based smelters under provisional arrangements, with planned shipments scaling toward 2,000 tons per month. Pricing is negotiated and quote-based, with payment terms within 30 days of shipment and independent assays verifying metal content. The company has disclosed no revenue to date, remains in early production stage, has experienced an SEC trading suspension in mid-2020 that it is working to lift, and has financed operations primarily through insider private placements (over $2.1M from Chairman Brian Adair). Distribution is concentrated in a single domestic channel (Arizona smelters), and customer concentration in this segment is high.

Name

Santa Fe Gold

Legal name

Santa Fe Gold Corporation

Website

https://santafegoldcorp.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

1–10 employees

Short description

Santa Fe Gold Corporation (OTC Pink: SFEG) is a U.S. mining enterprise that develops gold and silver ore from 148 mining claims in New Mexico's Steeple Rock and Black Hawk districts, selling crushed siliceous material directly to Arizona copper smelters.

Ownership category

akta.pro rank

Product category

Precious Metals Mining

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 industry

Silver Mining (IMAKAEAB)

Keywords

• Precious metals mining
• Gold ore production
• Silver mining operations
• Mining claim exploration
• Siliceous ore sales

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Others

Revenue model

1. Gold and Silver Ore Sales: The company generates revenue through the sale of gold and silver siliceous vein material extracted from its mining operations. Ore is crushed to specification (3/8 inch) and sold directly to smelters. Payment terms are typically within 30 days of shipment. The company also markets high silica content quartz vein rock as a fluxing agent for copper smelting.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Santa Fe Gold Corporation is a U.S.-based mining and exploration enterprise engaged in the acquisition, development, and production of precious metals. The company extracts gold and silver siliceous vein material from mines in New Mexico (Jim Crow, Billali, Imperial) and sells crushed ore (3/8 inch specification) directly to smelters in Arizona, with high silica quartz vein rock also marketed as a fluxing agent for copper smelting.

Product overview

Santa Fe Gold Corporation is a U.S.-based mining and exploration enterprise engaged in the acquisition, development, and production of precious metals. The company operates a portfolio of mining properties primarily in New Mexico, including producing gold and silver mines (Jim Crow, Billali, Imperial) in the Steeple Rock District and silver mines (Black Hawk-Alhambra Complex) in Grant County. The company extracts and processes gold and silver siliceous vein material, with a high-capacity crushing facility processing ore to smelter specifications for copper smelters.

Differentiator

Problem solved

Functional benefit

Products and services

• Jim Crow Mine
• Billali Mine
• Imperial Mine
• Black Hawk-Alhambra Silver Mine Complex
• Gold & Silver Siliceous Vein Material
• Crushing & Processing Services
• Exploration Services - Electro-Geophysical Methods

Quantifiable outcome

• Ore values of 0.26 oz/ton Gold and 1.0 oz/ton Silver from Jim Crow Mine stockpiles
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Texas Mineral Resources Corp (TMRC)coreStrategic or Co-development Partner · 1 December 2020Santa Fe Gold signed a letter agreement with Texas Mineral Resources Corp to jointly explore and develop a targeted silver property within the Black Hawk Mining District in Grant County, New Mexico. TMRC will conduct a multi-phase exploration plan and has the option to select one of Santa Fe Gold's patented and unpatented mining claims for detailed exploration. Upon completion of a bankable feasibility study, the companies will jointly fund development with TMRC holding 50.5% and Santa Fe Gold 49.5% ownership, with TMRC serving as project operator.
• Black Hawk Consolidated Mines CompanycoreOthers · 1 April 2019Santa Fe Gold acquired all capital stock of Bullard's Peak Corporation from Black Hawk Consolidated Mines Company for $3,115,365. The acquisition includes 13 patented claims and 82 unpatented claims in the Black Hawk district covering the Alhambra, Black Hawk, Silver King, Good Hope, and Bullard's Peak mines. The seller was granted a 2% net smelter return in perpetuity.

Scale indicators5 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Gold Resource Corporation: U.S.-based mid-tier gold and silver producer with comparable scale and a similar model of operating multiple producing mines and shipping concentrate/ore to smelters. Closely comparable in size, listing tier (OTC/American), and precious-metals focus.
• Americas Gold and Silver Corporation: Junior-to-mid-tier North American precious metals miner with silver and gold operations and a comparable multi-asset, multi-mine production profile. Similar in producing high-silica/silver concentrate for smelter off-take.
• Paramount Gold Nevada: U.S. junior gold/silver developer with producing and exploration-stage assets in the Western U.S. Similar size, listing tier, and strategy of advancing permitted historic districts toward production.
• Hycroft Mining Holding Corporation: U.S.-based gold and silver mining company with operations historically producing both metals. Comparable in producing both precious metals from a single U.S. asset with similar ramp-up and capital-intensity profile.
• Comstock Mining Inc. Small-cap U.S. precious metals miner historically operating in Nevada with a comparable junior profile — limited employees, multi-asset district strategy, and reliance on equity raises to fund production.

Broad incumbents

• Hecla Mining Company: Largest U.S.-based silver producer with significant gold by-production. Operates multiple underground silver-gold mines, providing a benchmark for what an established U.S. silver-gold operator looks like at scale.
• Coeur Mining, Inc. Mid-tier precious metals producer with silver and gold operations across North America. Comparable vertically-integrated miner with multi-mine production and silver concentrate sales to smelters.
• First Majestic Silver Corp. Established mid-tier silver producer with byproduct gold. Comparable in focusing on silver-dominant ore supply and selling concentrate/doré into the smelter and refining ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/santa-fe-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

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 Santa Fe Gold