Northwire Canada EditionTuesday, October 20, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.60 +0.4% OIL 97.82 −0.7% PALLADIUM 1104.80 −1.6% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4% GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.60 +0.4% OIL 97.82 −0.7% PALLADIUM 1104.80 −1.6% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4%
Resource Estimate Routine +

Roxmore Files NI 43-101 Technical Report for the Converse Gold Project's Updated Mineral Resource Estimate and Preliminary Economic Assessment

Roxmore Files NI 43-101 for Converse PEA, Cementing $2.7B NPV Case Amidst Broader Market Consolidation

By The Northwire Desk — AI Analysis Jun 01, 2026 · 17:01 RM · 4.01 Roxmore Resources Inc.
Executive Summary
  • Roxmore Resources Inc. filed an NI 43-101 Technical Report on June 1, 2026, containing the updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for its 100%-owned Converse Gold Project in Nevada.
  • The report was prepared by independent Qualified Persons from SLR Consulting (Canada) Ltd and Kappes, Cassiday & Associates.
  • The filing formally documents the PEA previously announced on April 20, 2026, which highlighted an After-Tax NPV5% of US$2.7 Billion and an IRR of 43% at a gold price of US$3,600/oz.
  • The press release does not disclose new resource tonnages, grades, or financial metrics, deferring to the full technical report filed on SEDAR+.
  • The project is positioned as a large-scale open pit heap leach operation on the Battle Mountain trend, with a 14-year mine life and average annual production of ~246,000 oz Au.
Material Impact
  • The June 1 filing is a regulatory compliance step that formalizes the April 20 PEA announcement. It does not introduce new financial assumptions, resource expansions, or strategic developments.
  • Market reaction to the April PEA was already priced in, with the stock rallying to $5.38 before consolidating. The filing removes technical uncertainty but adds no incremental valuation upside.
  • The PEA's economics are heavily dependent on a US$3,600/oz gold price assumption, which is significantly above current spot prices. This introduces sensitivity risk if gold prices normalize.
  • The impact is Routine - Positive as it validates prior disclosures and clears the path for the next study phase, but it lacks the surprise element required for a material re-rating.
RM · Price
Company Overview
  • Roxmore Resources Inc. (TSX: RM) is a Canadian junior explorer focused on the Converse Gold Project in Nevada's prolific Battle Mountain trend.
  • The project is a 100%-owned, large-scale open pit heap leach deposit with strong preliminary economics.
  • Corporate development includes the November 2025 acquisition of Taura Gold Inc., the December 2025 acquisition of the Rattlesnake Hills project, and a February 2026 uplisting to the Toronto Stock Exchange.
  • Management is aggressively expanding the land position (70% increase to 13,257 acres) and advancing drilling to support resource growth and study updates.
Read the original news release →

More from Roxmore Resources Inc.

Oct 13, 2026 · 06:01

Ssr Mining will acquire Roxmore’s Converse flagship for C$712m, representing a premium of up to 58%.

M&A / Property Sep 17, 2026 · 16:06

Roxmore’s high-grade western step-out hit 108 g·m Au, extending the Redline corridor.

Drill Results Sep 09, 2026 · 07:01

Roxmore’s Converse Gold Project drilling reaches 50% completion ahead of the 2027 preliminary feasibility study.

Other Sep 01, 2026 · 07:01

Roxmore Resources Reports Additional Drill Results from the Converse Gold Project in Nevada

Drill Results Jul 09, 2026 · 07:01

Roxmore infill drilling confirms Converse deposit grades consistent with the PEA model without delivering new discoveries or step-out results.

Drill Results Jun 03, 2026 · 17:16

Roxmore Makes Secondary Payment for Newton Gold Project

M&A / Property