Mining Stock Daily Maple Gold Mines Rejuvenates Exploration at Douay/Joutel
Nov 20, 2025
Kiran Patankar, the new CEO of Maple Gold Mines, shares exciting updates on the Douay and Joutel Gold projects. He discusses a strategic reset, focusing on governance and attracting institutional investors. Kiran unveils plans for a massive 30,000m drilling program aimed at expanding resources and delving into historical workings at Joutel. He highlights the potential of Douay's existing resources and the past production at Joutel, outlining a bright future for the company as they enhance exploration and development.
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Company Reset Built On Management And Capital
- Kiran reset Maple Gold Mines by changing management, culture, and capital structure to restore value.
- He emphasized spending money in the ground where it creates the most value for shareholders.
Pause, Model, Then Drill Efficiently
- Do pause drilling to fully understand geology and build a testable model before resuming exploration.
- Optimize drill costs so more meters get drilled for the same budget.
Strategic Capital And Cost Cuts Shift Valuation
- Strategic investors and institutional capital materially changed Maple's outlook and valuation.
- Tightening G&A and a smaller share count created funding runway and improved market appeal.