ESGold Corp has successfully closed a C$3.4 million private placement to fund final construction of its Montauban project in Quebec, with gold and silver production targeted for the third quarter of 2025. The financing enables the company to advance its dual strategy of generating immediate cash flow from tailings while exploring broader district-wide opportunities.
Advanced geophysical surveys at the Montauban site have revealed significant exploration potential, drawing comparisons to Australia's legendary Broken Hill deposit. These findings suggest the project could offer substantial long-term value beyond initial production expectations.
With global gold prices reaching record levels, ESGold presents investors an attractive alternative to direct bullion investment. The company plans to publish a new Preliminary Economic Assessment that reflects current high metal prices, potentially increasing the project's economic attractiveness.
The Montauban project represents a strategic opportunity in the mining sector, with ESGold positioning itself among a select group of junior mining companies transitioning to producer status. By targeting production in Q3 2025 and leveraging current market conditions, the company aims to capitalize on strong gold and silver market dynamics.
