Antioquia Gold Inc

What Antioquia Gold Inc does

Antioquia Gold Inc. is a Canadian-domiciled (Alberta, Canada) gold exploration and development company whose entire operating footprint is concentrated at its wholly-owned Cisneros project in the Antioquia department of Colombia, approximately 55–80 km northeast of Medellín. The Cisneros asset comprises two underground mines — Guaico and Guayabito — feeding a 1,200-tonnes/day processing plant equipped with flotation and gravity concentration circuits, a tailings deposit, and 10 km of pipeline infrastructure. Gold concentrate produced at the plant is sold under B2B commodity terms to internationally recognized trading houses; the company does not disclose individual pricing or buyer identities. The asset sits on a mesothermal lode gold system supported by a NI 43-101 compliant mineral resource estimate and over 45,000 metres of historic drilling across a consolidated ~17,000-hectare mineral rights position. The company is listed on the TSX Venture Exchange (ticker AGD) and OTC Pink (AGDXF).

Capital structure has undergone substantial realignment. Since August 2010, Infinita Prosperidad Minera S.A.C. held a strategic alliance stake and invested over US$18 million, accumulating approximately 90% of outstanding shares. On December 30, 2025, CMH acquired approximately 91.15% (989,281,437 shares) of Antioquia Gold through a merger with Infinita for total aggregate consideration of C$3,780,000, fundamentally changing the controlling shareholder. Operational continuity has been disrupted since July 27, 2023, when Colombia's regional environmental agency CORNARE ordered the closure of the Guayabito Mine pending water treatment capacity expansion. Q2 2023 reported production of 8,926 ounces (a 26% YoY decline) at cash cost of US$1,802/oz and AISC of US$2,502/oz, with quarterly revenue of $24.4M, down 20% YoY. The company also faces a material governance event: in April 2026, auditor BDO Canada LLP resigned citing concerns regarding revenue recognition for gold concentrate and inadequate documentation, and in May 2026 the company announced that its 2022 and 2023 financial statements must be restated. Management is currently undergoing an independent review of internal controls and governance framework.

Name

Antioquia Gold Inc

Legal name

Antioquia Gold Inc.

Website

https://antioquiagoldinc.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Antioquia Gold Inc is a Canadian-domiciled gold mining company producing gold concentrate from its wholly-owned Cisneros project in Antioquia, Colombia. It operates two underground mines and a 1,200-tonnes/day processing plant, selling concentrate to international gold trading houses. Listed on TSX Venture (AGD).

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro industry

PRIMARYIMAKAEAA

Gold Mining

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

Keywords

• Gold mining
• Underground mining
• Gold concentrate
• Mineral exploration
• Precious metals production

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Others

Revenue model

1. Gold Concentrate Sales: The company extracts gold ore from its underground mines (Guaico and Guayabito) at the Cisneros project, processes it through its 1,200-tonnes/day plant producing flotation and gravity concentrates, which are then sold through internationally recognized trading houses.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Antioquia Gold Inc operates underground gold mines at its wholly-owned Cisneros Project in Antioquia, Colombia. The company extracts gold ore from the Guaico and Guayabito mines and processes it through a 1,200-tonnes/day flotation and gravity concentration plant, producing gold concentrates that are sold to internationally recognized commodity trading houses.

Product overview

Antioquia Gold Inc is a gold exploration and development company operating the Cisneros Project in Colombia. The project consists of two underground mines (Guaico and Guayabito) feeding a processing plant with 1,200-tonnes/day capacity, producing flotation and gravity gold concentrates sold through international trading houses. The company controls approximately 17,000 hectares of mineral rights in the region.

Differentiator

Problem solved

Functional benefit

Products and services

• Cisneros Project A gold exploration and development project in Antioquia, Colombia, comprising two operating underground mines (Guaico and Guayabito), a 1,200-tonnes/day processing plant, tailings deposit, and 10 km pipeline. Covers approximately 5,630 hectares across 10 concessions.
• Guaico Mine One of two operating underground mines at the Cisneros Project, producing gold ore through flotation and gravity concentration methods. Remained operational during the Guayabito closure period.
• Gold Concentrate

Quantifiable outcome

• Q2 2023: 8,926 ounces gold production; US$1,838/ounce average realized gold price
• +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

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• B2Gold Corp. Intermediate gold producer with the Gramalote project in Antioquia, Colombia (joint venture with AngloGold Ashanti) — explicitly cited as a neighboring exploration project on Antioquia Gold's corporate page. Comparable as a gold developer/producer with material Colombian exposure.
• Alamos Gold Inc. Intermediate gold producer with operations in Mexico (Mulatos, Island Mountain) and Canada (Young-Davidson, Lynn Lake). Comparable as a mid-tier underground gold producer operating in jurisdictions with similar cost and country-risk profiles to Antioquia.
• GoldMining Inc. Gold acquisition and development company with a portfolio of gold and copper-gold projects across the Americas, including assets in Colombia (e.g., La Mina, Titiribí, Yarumalito). Comparable as a junior/developer focused on advancing Latin American gold resources toward production.
• Aris Mining Corporation: Mid-tier gold producer formed from the merger of Gran Colombia Gold and Aris Gold, operating the Segovia and Marmato mines in Antioquia, Colombia. Directly comparable to Antioquia Gold as a Colombian-focused underground gold miner selling concentrate and doré to international trading houses.

Emerging players

• Solvista Gold Corp. Junior explorer previously operating the Guadalupe gold project in Antioquia, Colombia — listed by Antioquia Gold as a neighboring explorer in the same region. Comparable as an early-stage Colombian gold exploration peer.
• Colombian Mines Corporation (now Sociedad Minera del Sur / Arturus Ventures): Junior explorer with the Nus project in Antioquia, referenced by Antioquia Gold as a neighboring exploration peer. Directly comparable as a small-cap Colombian gold exploration company in the same geological belt.
• CuOro Mining Corporation: Junior explorer with the Santa Elena gold project in Antioquia — also listed as a neighboring exploration project on Antioquia Gold's corporate page. Comparable as a Colombia-focused early-stage gold developer in the same region.
• Eco Oro Minerals Corp. Junior miner with the Angostura gold-silver project in Santander, Colombia. Comparable as a Colombia-focused gold developer that has navigated permitting and regulatory challenges — directly relevant to Antioquia Gold's CORNARE shutdown and broader Colombian permitting risk profile.

Broad incumbents

• AngloGold Ashanti plc: Global senior gold producer with the Gramalote JV in Antioquia alongside B2Gold. Operates broadly in gold mining globally; comparable to Antioquia Gold by virtue of operating in the same Colombian geological belt and competing for the same regional resources, labor, and infrastructure.

Regional players

• Liberty Gold Corp. (formerly Red Eagle Mining): Red Eagle Mining previously operated the Pavo Real gold project in Antioquia — explicitly listed as a neighboring exploration project in Antioquia Gold's data. Now focused on Black Pine in the US, but historically a directly comparable Colombian gold developer in the same department.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/antioquiagd

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

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 Antioquia Gold Inc