Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
M&A / Property Routine +

Tiger Gold Exercises Option to Acquire 100% of the Quinchia Gold Project

Tiger Gold secures full ownership of the Quinchía project to accelerate drilling ahead of 2027 engineering studies.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 08:01 TIGR · 0.7 Tiger Gold Corp.
Executive Summary
  • Tiger Gold Corp. has completed the final staged cash option payment of AUD$4.5 million to LCL Resources Limited, formally exercising its option to acquire 100% ownership of the Quinchía Gold Project and Andes Gold Project in Colombia.
  • The total cash consideration under the exclusive option agreement is AUD$14 million, comprising AUD$7.5 million already paid and a contingent AUD$6.5 million payable upon achieving specific production milestones.
  • A 1% net smelter return (NSR) royalty on future gold production from Quinchía is attached to the transaction, subject to a buyback option.
  • On-site operations are accelerating with over 160 personnel mobilized and three active drill rigs currently defining and expanding the project's Mineral Resources.
  • The company has also established a fully functioning medical clinic in the Quinchía region as part of its community and ESG initiatives.
Material Impact
  • The completion of the option exercise is a procedural milestone that removes any lingering uncertainty regarding project ownership. It aligns with the company's stated strategy to consolidate assets ahead of a Pre-Feasibility Study (PFS).
  • The news is incremental and expected, as staged option payments are standard in junior mining acquisitions. The contingent AUD$6.5 million milestone payment introduces a future cash outflow that must be funded, likely through the recently announced $18 million CAD special warrant offering.
  • The 1% NSR royalty is a standard industry term and does not materially alter the PEA economics provided in prior releases, though it will impact future free cash flow calculations once production begins.
  • The acceleration of drilling and workforce mobilization confirms management's execution capability but does not change the fundamental exploration-stage risk profile. The stock reaction is likely to be muted as the market has already priced in the drilling campaign and the imminent financing.
TIGR · Price
Company Overview
  • Tiger Gold Corp. is an exploration-stage gold company focused on the Quinchía Gold Project in Colombia's Mid-Cauca porphyry belt.
  • Flagship assets include the Miraflores deposit (Measured & Indicated: 6.1 Mt @ 2.62 g/t Au), the Tesorito deposit (Inferred: 104 Mt @ 0.47 g/t Au), and the Dos Quebradas prospect (historical Inferred: 20.2 Mt @ 0.71 g/t Au).
  • The project's Preliminary Economic Assessment (PEA) outlines a 10.2-year mine life with average annual production of 138 koz Au and 104 koz Ag, yielding a post-tax NPV (5%) of US$534 million and an IRR of 21.3% at $2,650/oz Au.
  • The company is currently executing a 20,000-metre diamond drilling program across Tesorito, Ceibal, and Dos Quebradas to expand resources and upgrade confidence ahead of engineering studies.
Read the original news release →

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