What Cambria Gold Mines does

Cambria Gold Mines Inc. is a Canadian gold developer (formerly Ascot Resources Ltd., rebranded February 13, 2026) advancing a portfolio of high-grade gold and copper-gold assets in British Columbia's Golden Triangle and Washington State. The company's primary near-term focus is the Red Mountain Gold Project, a fully permitted high-grade underground deposit hosting 783,000 ounces of measured and indicated resources at 7.63 g/t Au, supported by approximately 2,000 metres of pre-existing production-sized underground development. Cambria also controls the Premier Gold Project, a historic gold-silver system with multiple deposits (Premier, Silver Coin, Big Missouri, Dilworth, Martha Ellen) and a permitted 2,500 tonnes-per-day crush-grind-cyanidation mill with a Carbon-in-Leach circuit, which the company intends to operate as a hub-and-spoke processing hub for both Premier and Red Mountain ore. A third asset, the Mt. Margaret copper-gold-molybdenum-silver porphyry deposit in Washington State, is proposed to be spun out into a separate U.S.-listed entity (Freedom Copper Corp.) with up to US$100 million in planned financing.

The company's core technology is conventional: underground bulk mining methods for laterally continuous sulphide stockwork zones at Red Mountain and epithermal vein/breccia systems at Premier, with ore processed through the existing Premier mill. Cambria's competitive position rests on its existing permitted infrastructure (mill, tailings storage facility, water treatment, underground development, hydroelectric power access, and proximity to the deep-water port at Stewart, BC), which materially lowers capital intensity versus greenfield developers. Revenue is not yet generated; the business model is the future sale of gold and silver production through commodity market channels and off-take agreements typical of the mining industry, with proposed diversification via the Mt. Margaret copper-gold spin-out. Cambria is publicly traded on the TSX Venture Exchange (CAMB) and OTCQX (CAMVF), headquartered in Vancouver, BC, with operations based in Stewart, BC, and Randle, WA. The company completed a radical corporate restart in late 2025 under new CEO Robert McLeod, raising approximately CA$190 million in fresh capital and clearing approximately CA$80 million in legacy debt, positioning the asset portfolio for restart-to-production execution.

Name

Cambria Gold Mines

Legal name

Cambria Gold Mines Inc.

Website

http://www.ascotgold.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

51–100 employees

Short description

Cambria Gold Mines is a Canadian gold developer advancing the high-grade Red Mountain and Premier Gold projects in British Columbia's Golden Triangle, leveraging a permitted 2,500 tpd processing mill toward 2026-2027 production restart, with the Mt. Margaret copper-gold deposit slated for spin-out into a separate U.S. entity.

Ownership category

akta.pro rank

Product category

Gold Mining and Mineral Resource Development

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

• Gold mining
• Mineral exploration
• Precious metals production
• Mine development
• Ore processing

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Gold and Silver Production: Revenue is generated from the sale of gold and silver produced from mining operations at the Premier and Red Mountain projects. The company is advancing toward restart of its 2,500 tpd Premier mill and mining operations. Currently in development phase with no current production; targeting restart aligned with Red Mountain ore supply.
2. Mt. Margaret Spin-Out (Proposed): Proposed spin-out of Mt. Margaret copper-gold porphyry deposit into a separate U.S.-focused company (Freedom Copper Corp.) with up to US$100 million financing, providing Cambria shareholders ownership stake in two separate public companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Cambria Gold Mines is a Canadian gold developer advancing the restart of high-grade gold mining operations in British Columbia's Golden Triangle, focused on the Red Mountain Gold Project and Premier Gold Project. The company produces and sells gold and silver from a permitted 2,500 tonnes per day processing facility at the Premier mine. Cambria also holds the Mt. Margaret copper-gold porphyry deposit in Washington State, USA, which is proposed for spin-out into a separate entity.

Product overview

Cambria Gold Mines is a Canadian gold developer operating a portfolio of three core mining projects: the Red Mountain Gold Project (primary near-term development focus - high-grade underground gold deposit), the Premier Gold Project (processing infrastructure hub with multiple deposits providing long-term optionality), and the Mt. Margaret Copper-Gold Deposit (porphyry deposit in Washington State, USA, pending spin-out into a separate entity). The company is focused on disciplined restart and advancement of high-quality assets in British Columbia's Golden Triangle, leveraging existing permitted infrastructure including a 2,500 tonnes per day processing mill.

Differentiator

Problem solved

Functional benefit

Products and services

• Red Mountain Gold Project A high-grade, bulk-mineable underground gold deposit located in British Columbia's Golden Triangle, approximately 15 kilometres northeast of Stewart, within Nisga'a Nation Treaty Lands. Fully permitted at provincial and federal levels, it hosts 783,000 ounces of measured and indicated resources at 7.63 g/t Au and is the primary driver of Cambria's restart plan. Approximately 2,000 metres of production-sized underground development is already completed.
• Premier Gold Project A historic underground gold-silver system located in British Columbia's Golden Triangle, approximately 25 kilometres from Stewart, on Nisga'a Nation Treaty Lands. Includes multiple deposits (Premier, Silver Coin, Big Missouri, Dilworth, and Martha Ellen) and a fully permitted processing facility with a nominal capacity of approximately 2,500 tonnes per day using crush-grind-cyanidation with Carbon-in-Leach circuit. Serves as Cambria's infrastructure and processing hub.
• Mt. Margaret Copper-Gold Deposit A road-accessible copper-gold-molybdenum-silver porphyry deposit located 22.5 km southwest of Randle, Washington, USA, in Skamania County. Cambria holds mineral interest jointly with the US government Bureau of Land Management (which holds 50% mineral rights on patented federal mineral claims), with Cambria (through Ascot USA Inc.) controlling the remaining 50% plus 184 surrounding lode claims at 100%.

Quantifiable outcome

• 783,000 ounces of measured and indicated gold resources at Red Mountain (7.63 g/t Au)
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• ECC Ventures 4 Corp.coreStrategic or Co-development Partner · 10 July 2026Proposed spin-out transaction of Cambria's Mt. Margaret copper-gold deposit into ECC4 (to be renamed Freedom Copper Corp.). The transaction will result in a reverse takeover of ECC4 and is intended as ECC4's Qualifying Transaction. Cambria shareholders to receive 20% of Freedom Copper shares as tax-free return of capital. Up to US$100 million financing planned for the new entity.
• West Point Rail and Timber Co.minorImplementation/ SI/ Consulting PartnerContractor performing road construction for the Red Mountain access road project. Phase I involves rebuilding a 13 km historic road bed as early works to develop the high-grade gold deposit.
• US Federal Government Bureau of Land Management (BLM)coreStrategic or Co-development PartnerBLM holds 50% mineral rights on patented federal mineral claims centered over the Mt. Margaret deposit, with Cambria (through Ascot USA Inc.) controlling the remaining 50%. Additional 184 lode claims surrounding the property are 100% controlled by Cambria. The deposit is located on Forest Service land.
• Nisg̱a'a NationcoreStrategic or Co-development PartnerThe Premier Gold Project and Red Mountain Gold Project are located within areas defined under the Nisg̱a'a Final Agreement - a modern treaty between Nisg̱a'a Nation, the Province of British Columbia, and the Government of Canada. Cambria operates as a guest on Nisg̱a'a traditional territory and is working closely with the Nation to build collaborative relationships, assess impacts on Treaty Rights, and support capacity building and economic opportunities.
• Nations Royalty Corp.minorStrategic or Co-development PartnerRoyalty company with shared management connection through CEO Robert McLeod who is co-founder of Nations Royalty Corp. Nations holds royalties including on the Brucejack mine. Cambria CEO referenced in Nations Royalty press releases as project updates impact the broader Golden Triangle region.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Seabridge Gold: Pre-production gold developer with large gold-copper resources in BC's Golden Triangle (KSM project). Highly comparable to Cambria as a Canadian-listed, development-stage miner advancing a major asset in the same jurisdiction.
• Skeena Resources: Canadian gold developer focused on the Eskay Creek project in BC's Golden Triangle. Closely comparable in terms of jurisdiction, development stage, and proximity to Cambria's Premier/Red Mountain assets.
• Tudor Gold: Exploration and development-stage gold company advancing the Treaty Creek project in BC's Golden Triangle. Comparable in geography, scale, and stage of resource development.
• West Red Lake Gold Mines: Canadian gold developer pursuing restart and underground production in Ontario. Closely tied to Cambria via CEO Robert McLeod's co-founder relationship; comparable as a junior gold developer pursuing production.
• Fury Gold Mines: Canadian gold exploration and development company with a portfolio of high-grade gold projects, including assets in BC. Comparable as a junior gold developer targeting similar-sized deposits.

Broad incumbents

• New Gold: Intermediate gold producer with operating mines in British Columbia (New Afton) and Ontario. Comparable as a Canadian-focused gold producer with assets in BC, providing a benchmark for mid-tier economics and operating discipline.
• Centerra Gold: Canadian mid-tier gold producer with operations across North America. Comparable as a Canadian-incorporated gold producer with similar capex and regulatory exposure, though at a far larger operational scale.
• IAMGOLD: Canadian mid-tier gold producer with producing and development assets in the Americas. Comparable as a North American-focused gold company with similar development-to-production pipeline dynamics.
• Coeur Mining: US-listed precious metals producer with gold and silver operations across North America. Comparable in metals mix (gold + silver) and as a North American operator with a focus on production-stage silver-gold assets.
• Equinox Gold: Canadian-listed gold producer with multiple operating mines in the Americas (including BC). Comparable as a growth-oriented gold producer with a focus on North American assets and gold price leverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Ascotgold
• LinkedInlinkedin.com/company/cambria-gold
• Instagraminstagram.com/cambriagoldmines
• Facebookfacebook.com/cambriagoldmines

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds22 records

Investors4 records

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 Cambria Gold Mines