Banyan Gold Inc

Banyan Gold Corp. is a Canadian gold exploration and development company focused on advancing the AurMac Gold Project in Yukon, one of the largest undeveloped open-pit gold projects in North America by total resources. With an Indicated Mineral Resource of 2.27 million ounces of gold at 0.63 g/t and an Inferred Mineral Resource of 5.45 million ounces at 0.60 g/t (0.30 g/t cutoff, effective June 28, 2025), AurMac already hosts over 7 million ounces of gold across the Airstrip and Powerline deposits. The project is road-accessible, near existing hydroelectric power and grid infrastructure, and constrained within a shallow, open-pit shell, highlighting its potential for a large-scale, bulk-tonnage mining operation.​

AurMac is located in a mining-friendly jurisdiction with year-round access via the Silver Trail Highway, proximity to an operating hydro dam at Mayo, and an energized 138 kVa power line stepped down to 69 kVa on site. Only about 2% of Banyan’s 680 km² AurMac land package has been systematically explored, leaving substantial upside for further resource growth, while a second project, the Hyland Gold-Silver Project, adds additional gold-silver resources and optionality. Banyan Gold is listed on the TSX Venture Exchange under the symbol BYN and on the OTCQB under BYAGF.​

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For retail investors seeking leverage to a rising gold price, Banyan Gold offers exposure to a large, growing resource base in a stable Canadian jurisdiction with strong infrastructure already in place. AurMac’s current 2.27 million ounces of Indicated and 5.45 million ounces of Inferred gold resources are complemented by a corporate target of 5 million ounces above 1 g/t, supported by high-grade drill intercepts near surface that could form attractive starter pits in a future mine plan. Management also sees the potential to scale AurMac toward production levels of 300,000+ ounces per year over time, positioning the project alongside other major North American open-pit gold systems.​

Beyond gold, Banyan has discovered high-grade “Keno-style” silver mineralization at AurMac, with drill results including broad silver intervals and ultra-high-grade veins, pointing to a second metal that could enhance project economics. The company is fully financed through 2027, backed by a strong shareholder base including Alpayana SAC, Franklin Gold, Osisko Development , well-known mining investors such as Quinton Hennigh and Rick Rule, and insiders owning approximately 6.2% of the company. With gold prices at historically strong levels and active M&A in the Yukon district, including the sale of the neighbouring Eagle Mine, Banyan offers investors exposure to both organic growth and potential regional consolidation.​

Banyan Gold is led by an experienced management team with deep roots in Yukon mining, permitting, and project development, supported by a board and advisory group drawn from major mining companies and successful developers. President and CEO Tara Christie, M.A.Sc., P.Eng., brings long-standing Yukon experience and a track record in exploration, project advancement, and community engagement, supported by CFO David Rutt, a CMA/CPA with strong financial and capital markets expertise. Vice President Exploration Duncan MacKay, M.Sc., P.Geo., serves as the qualified person for AurMac and oversees all geological and technical work, while additional executives lead project development, corporate communications, and corporate affairs.​

The Board of Directors is chaired by Marc Blythe, P.Eng., and includes directors and advisors with backgrounds at companies such as Newmont, Yamana, Pan American Silver, Wesdome, and others, bringing experience across exploration, operations, capital markets, and M&A. This combination of technical depth, permitting knowledge, and transaction experience positions Banyan to progress AurMac through resource growth, economic studies, and potential strategic options while maintaining strong relationships with local communities and First Nations.​

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Banyan Gold’s growth strategy centers on expanding and upgrading the AurMac resource while advancing the project toward its first economic study and beyond, all within the current gold cycle. Following an 800% resource growth over approximately three and a half years, the company is executing an aggressive drill program of over 42,000 metres and ~200 holes (2025), with plans for an additional 50,000 metres starting in early 2026 to extend high-grade zones, convert Inferred ounces to Indicated, and test new targets across the large land package. A Preliminary Economic Assessment (PEA) is planned for 2026, which will outline potential mine plans, production profiles, and project economics based on the growing resource base.​

Banyan is also unlocking value from its Hyland Gold Project, which hosts updated 2025 resources of 337,000 ounces of gold and 2.63 million ounces of silver in the Indicated category, plus 118,000 ounces of gold and 863,000 ounces of silver in the Inferred category, with strong oxide recoveries and additional exploration targets. Parallel to technical de-risking, the company continues to build on its infrastructure advantage, relationships with neighbouring operations, and district-scale land position, leaving open the potential for strategic partnerships, toll milling options, or future consolidation in the Yukon gold belt.​

As of late 2025, Banyan Gold Corp. is well-capitalized to advance its exploration and de-risking plans, with an estimated cash balance of approximately $42 million (October 2025) and funding visibility through 2027. The company’s capital structure includes 413 million shares outstanding (443.5 million fully diluted), 30.2 million options outstanding, a current share price of $0.91, a 52-week trading range of $0.92–$0.18, and an implied market capitalization of roughly $370 million.

While AurMac is still at the resource and study stage rather than in production, the project’s June 2025 pit-constrained resource estimate was built using cost parameters designed to reflect potentially economic open-pit mining scenarios at a gold price of US$2,050/oz, with assumed mining, processing, G&A, and recovery metrics appropriate for a bulk-tonnage operation. These, together with the project’s road access, nearby hydroelectric power, and existing grid connection, support Banyan’s view that AurMac has the potential to evolve into a competitive open-pit gold project as the company moves toward its planned 2026 PEA and beyond.

Banyan Gold Corp. is emerging as a significant player in the Yukon gold space, with its AurMac Project already ranking among the largest undeveloped open-pit gold projects in North America by resource size. With over 7 million ounces of gold in Indicated and Inferred categories, district-scale exploration upside, and infrastructure advantages that many peers lack, the company offers retail investors leveraged exposure to a growing gold story in a top-tier jurisdiction.​

Backed by a seasoned management team, strong treasury, and high-quality institutional and insider support, Banyan is advancing along a clear roadmap: resource expansion, a 2026 PEA, continued drilling, and parallel work on its Hyland Gold-Silver Project. For investors looking for early-stage growth potential with meaningful resource scale, multiple drilling and study catalysts through 2026, and a focus on ESG and community partnership, Banyan Gold provides a compelling way to participate in the current and future gold cycle.