Daura Gold Announces $2 Million Non-Brokered Private Placement
Daura Gold raises $2 million at $0.23 per share to fund drilling programs across its Argentina and Peru projects.
Daura Gold Corp. announced a non-brokered private placement of up to 8,695,652 units at $0.23 per unit, raising gross proceeds of up to $2,000,000. Each unit comprises one common share and one-half of a share purchase warrant. The warrants carry an exercise price of $0.375 and expire in 24 months.
Proceeds are earmarked for advancing exploration at the Cerro Bayo and La Flora projects in Argentina, the Antonella project in Peru, and general working capital. The offering includes finder's fees and is subject to a four-month-and-one-day hold period and TSX Venture Exchange approval. This follows a $7 million placement in October 2025 at $0.25 per unit.
Daura Gold Corp. (DGC) raised $2 million through a financing round priced at $0.23 per share, a figure that sits at the lower end of the company’s recent trading range of $0.23 to $0.27. This pricing structure suggests management prioritized capital certainty over maximizing proceeds per share. The transaction is dilutive but aligns with the company’s pre-revenue exploration stage and its historical capital-raising patterns.
The $2 million raise is modest relative to the $4.5 million net loss reported in the first half of 2026 and the $1.39 million cash balance held at the end of the quarter. Assuming current burn rates continue, the new capital extends the company’s cash runway by approximately four to six months. The financing includes warrants with an exercise price of $0.375.
The market had already priced in the need for additional capital, given the company’s aggressive Phase 2 drilling plans and permitting timelines. Consequently, the financing did not present a material surprise to investors.
Daura Gold Corp. is a TSX Venture-listed exploration company focused on high-grade gold and silver assets in South America. Its flagship project, Antonella-Libelulas, is located in the Ancash region of Peru, where the company holds a 100% interest over approximately 10,600 hectares, recently expanded by staking 2,000 hectares. Historic drilling and surface sampling have returned high-grade intervals, including 22.4m @ 4.36 g/t Au and surface samples up to 57.34 g/t Au.
In Argentina, Daura holds an option to earn up to an 80% interest in the Cerro Bayo and La Flora projects via a binding agreement with Latin Metals Inc. Phase 1 drilling at Cerro Bayo is complete, with Phase 2 slated for Q3/Q4 2026. La Flora has shown high-grade surface sampling up to 63.88 g/t Au. The company also holds additional assets, including the polymetallic Ag-Pb-Cu-Zn Tayacoto project and Yanamina, which contains a historical resource of approximately 206,800 oz Au.