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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
M&A / Property Routine +

Scorpio Gold Announces Receipt of Second Deferred Payment from Mineral Ridge Sale

Scorpio Gold Cash Flow Stabilizes as Manhattan Drilling Progresses Amidst Price Correction

By The Northwire Desk — AI Analysis May 26, 2026 · 05:01 SGN · 0.34 Scorpio Gold Corporation
Executive Summary
  • Scorpio Gold received the second deferred payment of US$750,000 from the sale of its subsidiary Mineral Ridge Gold, LLC.
  • This release completes the US$1,500,000 indemnification holdback portion of the total US$7,500,000 sale consideration.
  • A final payment of US$1,000,000 is expected on the 12-month anniversary of the transaction closing (August 2026).
  • Proceeds will support the ongoing 50,000-metre drill program at the Manhattan District in Nevada.
  • The company reiterates its focus on advancing the Zanzibar Trend and Black Mammoth targets with a well-funded treasury.
Material Impact
  • Routine - Positive: This news confirms expected cash inflows from an asset sale announced months ago (August 2025). While positive for liquidity, it does not introduce new fundamental value or change the investment thesis established by the Maiden MRE and strategic financing.
  • Liquidity Confirmation: The receipt of funds validates the company's ability to execute its non-dilutive capital strategy, reducing reliance on equity markets for immediate exploration funding.
  • Market Expectation: Given the public announcement of the sale terms in August 2025 and the first escrow payment in December 2025, this second tranche was anticipated by investors. The market has likely already priced in the total proceeds ($7.5M).
  • No Dilution Impact: Unlike equity financings, this is pure cash inflow without share issuance, preserving shareholder value relative to dilutive events.
SGN · Price
Company Overview
  • Flagship Project: Manhattan District, Nevada (100% owned).
  • Location: ~15 km south of Kinross’ Round Mountain Gold Mine.
  • Status: Exploration / Development (Resource Definition Phase).
  • Maiden MRE: 740,000 oz Au Inferred at 1.26 g/t (June 2025 effective date).
  • Historical MRE: ~304,000 oz Au at 5.89 g/t (non-compliant historical data).
  • Infrastructure: Includes a permitted 400 t/d gravity mill and underground workings at Goldwedge Mine.
  • Strategy: Consolidating contiguous properties to create a district-scale opportunity with multi-million ounce potential.
Read the original news release →

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