Mackay Gold & Silver Corp
Mackay Gold & Silver Corp is a Canadian junior miner (TSX.V: MACK; OTCQB: MKGSF) consolidating the Comstock District in Nevada through gold and silver exploration and oxide ore processing at permitted heap-leach and Merrill-Crowe facilities.
- Company typePublic
- Founded2018
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Mackay Gold & Silver Corp does
Mackay Gold & Silver Corp is a Canadian-domiciled, publicly traded junior mining company (TSX.V: MACK; OTCQB: MKGSF) focused on gold and silver exploration and development in Nevada's Comstock District. Following the June 2026 acquisition of Comstock Inc.'s mining assets for over $45 million, executed through wholly-owned subsidiary Mackay Precious Metals Inc., the company controls the district's largest consolidated property package at 4,343 hectares, unifying its three major vein systems under single ownership for the first time in 167 years.
The company's asset base comprises two oxide gold-silver deposits with historical S-K 1300 indicated resources of approximately 605,000 ounces of gold and 5,880,000 ounces of silver, plus fully permitted heap-leach and Merrill-Crowe processing facilities at American Flats that enable extraction and recovery of precious metals from oxide ore into doré bars. The company is currently deploying a 20,000-metre inaugural drill program at the Occidental Lode target to expand the resource base.
The business model is asset-driven: capital is raised through equity markets and deployed into exploration, resource definition, and processing infrastructure to position the company for future precious metals production. Revenue, when generated, will be commodity-driven gold and silver sales to refiners and trading counterparties serving global bullion markets. The company employs 1-10 people and operates with a $62 million cash position post-acquisition, with no disclosed current production or revenue.
Mackay Gold & Silver Corp firmographics
Firmographics- Name
- Mackay Gold & Silver Corp
- Legal name
- Mackay Gold & Silver Corp.
- Website
- https://mackaycorp.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Mackay Gold & Silver Corp is a Canadian junior miner (TSX.V: MACK; OTCQB: MKGSF) consolidating the Comstock District in Nevada through gold and silver exploration and oxide ore processing at permitted heap-leach and Merrill-Crowe facilities.
- Ownership category
- akta.pro rank
Mackay Gold & Silver Corp industry classification
Industry- Product category
- Precious Metals Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)
Keywords
Where Mackay Gold & Silver Corp is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Mackay Gold & Silver Corp business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Others
Revenue model
- Gold and Silver Mineral Sales: Extraction and sale of gold and silver minerals from oxide deposits. The company sells refined or semi-processed precious metals to offtake customers including refiners and commodity traders.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Mackay Gold & Silver Corp product offering
Product offeringCore offering
Mackay Gold & Silver Corp is a precious metals mining company that explores, extracts, and processes oxide gold and silver ore from properties in Nevada's Comstock District. The company operates heap-leach and Merrill-Crowe processing facilities at American Flats to recover gold and silver from oxide ore deposits, selling the refined precious metals into commodity markets.
Product overview
Mackay Gold & Silver Corp is a precious metals mining company that operates as a unified platform combining exploration, extraction, and processing capabilities. The company's core offering consists of gold-silver mining operations focused on the Comstock District in Nevada, supported by two processing facilities—heap-leach and Merrill-Crowe plants at American Flats—that work together to recover precious metals from oxide ore deposits. The company also holds significant mineral resource assets acquired from Comstock Inc., including indicated resources of approximately 605,000 ounces of gold and 5,880,000 ounces of silver, representing the consolidated largest property package in the district's 167-year history.
Differentiator
Problem solved
Functional benefit
Products and services
- Gold-Silver Mining Operations
Quantifiable outcome
- 70% expansion in total land holdings to 4,343 hectares through a single transaction
- +2 more outcomes
Companies that use Mackay Gold & Silver Corp
Customer profileSegments1 record
Ideal customer profiles1 record
Mackay Gold & Silver Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Mackay Gold & Silver Corp partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Comstock Inc.coreComstock Inc. sold 100% of its mining subsidiaries (mineral, mining, processing, and mining district real estate entities) to Mackay Precious Metals Inc., a subsidiary of Mackay Gold & Silver Corp., for an aggregate transaction value exceeding $45 million. Upon closing, Comstock receives $20 million cash plus 2 million shares of Mackay Gold & Silver (valued at over $3.5 million), a $7 million second-tranche payment within 18 months, and a potential $10 million contingent payment. Comstock retains a 1.5% NSR royalty on all extracted minerals and all reclamation obligations transfer to Mackay.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
Mackay Gold & Silver Corp competitors and assessment
Company assessmentBroad incumbents
- Comstock Inc. Former owner of the mining assets now held by Mackay; retained a 1.5% NSR royalty and received cash, stock, and contingent payments in the $45M+ divestiture. Directly comparable as the counterparty in the consolidation transaction and historically operated the same Comstock District properties.
- Newmont Corporation: World's largest gold mining company with significant Nevada operations (including Carlin trend). Comparable as a major Nevada gold producer operating in the same jurisdiction and accessing the same precious metals commodity markets.
- Kinross Gold Corporation: Senior gold producer with operations across the Americas, including Nevada. Comparable as a publicly listed gold miner operating in the same Nevada jurisdiction with established processing infrastructure.
Direct peers
- Paramount Gold Nevada Corp. Nevada-focused gold and silver exploration company with properties in the Western U.S. Comparable as a junior precious metals developer operating in the same jurisdiction with similar oxide and refractory resource profiles.
- Hycroft Mining Holding Corporation: Nevada-focused gold and silver exploration and development company with heap-leach processing infrastructure. Directly comparable as a Nevada-based precious metals developer pursuing oxide resource development with similar processing methodologies.
- SSR Mining Inc. Mid-tier precious metals producer with gold and silver operations in the Americas. Comparable as a publicly listed precious metals miner with district-scale operations and oxide/sulfide processing infrastructure.
- First Majestic Silver Corp. Silver-focused mining company with operations primarily in Mexico. Comparable as a publicly listed precious metals miner with significant silver resource base and publicly traded on TSX.
- Coeur Mining, Inc. U.S.-listed precious metals miner with gold and silver operations across North America, including Nevada. Comparable as a publicly listed gold and silver producer with heap-leach and milling processing capabilities.
- Hecla Mining Company: Largest U.S. silver producer with significant gold production and active exploration in Nevada and Idaho. Comparable as a publicly listed precious metals miner with a focus on silver and gold extraction and processing infrastructure.
- i-80 Gold Corp. Nevada-focused gold mining and processing company pursuing district-scale consolidation in the state. Comparable as a junior-to-mid-tier Nevada gold developer with oxide and refractory resource targets and active processing infrastructure buildout.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Mackay Gold & Silver Corp social profiles
Digital presenceMackay Gold & Silver Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mackay Gold & Silver Corp leadership team
Management profileNumber of profiles
Mackay Gold & Silver Corp subsidiaries and ownership
Company hierarchySubsidiaries1 record
Mackay Gold & Silver Corp funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mackay Gold & Silver Corp M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mackay Gold & Silver Corp
What does Mackay Gold & Silver Corp do?
Mackay Gold & Silver Corp is a precious metals mining company that explores, extracts, and processes oxide gold and silver ore from properties in Nevada's Comstock District. The company operates heap-leach and Merrill-Crowe processing facilities at American Flats to recover gold and silver from oxide ore deposits, selling the refined precious metals into commodity markets.
Is Mackay Gold & Silver Corp a public or private company?
Mackay Gold & Silver Corp is a public company. It is classified as public and is currently operating.
When was Mackay Gold & Silver Corp founded?
Mackay Gold & Silver Corp was founded in 2018. It employs 1 to 10 people.
Where is Mackay Gold & Silver Corp based?
Mackay Gold & Silver Corp is headquartered in Vancouver, Canada, in the North America region.
How does Mackay Gold & Silver Corp make money?
One revenue line is on record: gold and Silver Mineral Sales.
Who are Mackay Gold & Silver Corp's main competitors?
Broad incumbents on record are Comstock Inc., Newmont Corporation and Kinross Gold Corporation. Direct peers are Paramount Gold Nevada Corp., Hycroft Mining Holding Corporation, SSR Mining Inc., First Majestic Silver Corp., Coeur Mining, Inc., Hecla Mining Company and i-80 Gold Corp..
Does Mackay Gold & Silver Corp have an API?
No public API is recorded for Mackay Gold & Silver Corp.
What industry is Mackay Gold & Silver Corp in?
Mackay Gold & Silver Corp's product category is Precious Metals 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.