The KE Report Banyan Gold - Accelerating to 100% Ownership at AurMac and Advancing High-Grade Drill Targets
Aug 1, 2025
09:26
In this KE Report company update, Tara Christie, President and CEO of Banyan Gold, outlines a major strategic milestone for the company - the acceleration to 100% ownership of the AurMac Gold Project in Yukon.
Key takeaway: Banyan is simplifying its ownership structure, eliminating legacy royalty entanglements, and gaining greater control over project development - all while preserving cash.
Highlights from the Interview:
- AurMac Ownership Deal:
Banyan has entered an agreement with PricewaterhouseCoopers, receiver of Victoria Gold's assets, to acquire the remaining interest and eliminate multiple royalties and rights.
• $2M cash due on closing, plus $1.6M in cash or shares within 75 days.
• Expected to close by August 25th.
- Strategic Upside:
• No further PEA requirement post-close, giving Banyan flexibility to include this year’s drilling.
• Simplifies ownership and reduces legal/financial overhang for potential investors or partners.
• Eliminates constraints tied to Victoria Gold, enhancing independence and optionality.
- Drill Program & High-Grade Focus:
• Over 100 holes drilled (~20,000m) toward a 30,000m program, running through October.
• High-grade zones (e.g. 16m of 9 g/t Au) are being further defined — potential game-changers for a future PEA and starter pit economics.
- Strong Treasury:
• ~$17M in cash post-spring financing, giving flexibility without near-term need for dilution or royalty sales.
- Growing Interest from Majors:
• Multiple site visits ongoing into September.
• Infrastructure advantages and visible high-grade core make AurMac an attractive project.
If you have any follow up questions for Tara please email me at Fleck@kereport.com.